Allows local governments to use real estate excise tax revenues for airport capital projects.
This bill amends the definition of "capital project" to include airports with less than 10,000 annual enplanements. It allows local governments to use real estate excise tax revenues for these airport projects. The bill also specifies how these revenues can be used for other capital projects and outlines the tax rate and conditions for imposing the tax.
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- Core Provisions
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- Impact
- Legal Framework
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