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 taxes collected on aircraft fuel are allocated to the aeronautics account created in RCW 82.42.090. The bill also clarifies that the proceeds from the imposition of the tax on aircraft fuel must be deposited into this account, thereby enhancing funding for aeronautics-related activities.

Additionally, the bill makes various adjustments to tax rates and definitions, including changing the tax rate on hazardous substances and petroleum products to more precise numerical values. It also establishes that moneys collected from the taxes on aircraft fuel, as defined in RCW 82.42.010, must be deposited into the aeronautics account, ensuring that these funds are specifically earmarked for aviation-related purposes. Overall, the bill aims to streamline the funding process for aeronautics while ensuring that tax revenues from aircraft fuel are appropriately allocated.

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