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 introduces new provisions that require the proceeds from the tax on aircraft fuel, as defined in RCW 82.42.010, to be deposited into the aeronautics account created in RCW 82.42.090. This change is reflected in the amendments to RCW 82.21.030, RCW 82.23A.020, and RCW 82.23B.020, which specify that the tax revenues from aircraft fuel will no longer be allocated to other accounts but will instead support aviation-related purposes.

Additionally, the bill makes various technical adjustments, such as changing the tax rates from fractions to decimal format for clarity and updating the language regarding the collection and deposit of taxes. For instance, it specifies that the tax rate on hazardous substances is now 0.7 percent and that the first $200,000 of receipts from the oil spill administration tax must be deposited into the military department active state service account. Overall, the bill aims to streamline the funding process for aviation-related activities by ensuring that taxes collected from aircraft fuel directly benefit the aeronautics account.

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