The bill amends several sections of the Revised Code of Washington (RCW) to direct the deposit of proceeds from taxes on aircraft fuel into the aeronautics account. Specifically, it modifies RCW 82.21.030, 82.23B.020, and 82.23A.020 to ensure that the tax collected on aircraft fuel, as defined in RCW 82.42.010, is deposited into the aeronautics account created in RCW 82.42.090. The bill also clarifies that moneys collected from the aircraft fuel excise tax and related taxes must be credited to this account, thereby enhancing funding for aeronautics-related activities.

Additionally, the bill makes several technical adjustments, such as changing the tax rate language from fractions to decimal format for clarity, and specifies the allocation of tax revenues from petroleum products. It establishes that the proceeds from the tax on aircraft fuel will not only support the aeronautics account but also ensures that the tax collection process is clearly defined, including the responsibilities of terminal operators and the department in managing these funds. Overall, the bill aims to streamline the funding process for aeronautics while ensuring compliance with tax regulations.

Statutes affected:
Original Bill: 82.21.030, 82.23B.020, 82.23A.020, 82.42.090