Washington HB2592 directs the deposit of proceeds from taxes on aircraft fuel into the aeronautics account.

Washington HB2592 amends existing tax laws to ensure that all proceeds from taxes on aircraft fuel are deposited into the aeronautics account. This account, created under RCW 82.42.090, is intended for aviation-related purposes. The bill specifies that moneys collected from the use tax and retail sales tax on aircraft fuel should also be directed to this account. The aeronautics account is part of the state treasury, and its funds can only be spent after appropriation. The bill also outlines procedures for determining tax balances and penalties for non-compliance.

Washington HB2592 directs the deposit of proceeds from taxes on aircraft fuel into the aeronautics account.

Washington HB2592 amends existing tax laws to ensure that all proceeds from taxes on aircraft fuel are deposited into the aeronautics account. This account, created under RCW 82.42.090, is intended for aviation-related purposes. The bill specifies that moneys collected from the use tax and retail sales tax on aircraft fuel should also be directed to this account. The aeronautics account is part of the state treasury, and its funds can only be spent after appropriation. The bill also outlines procedures for determining tax balances and penalties for non-compliance.