Directs the deposit of taxes on aircraft fuel to the aeronautics account.
The bill mandates that all proceeds from taxes on aircraft fuel be deposited into the aeronautics account. This account is created in the state treasury, and its funds can only be spent after appropriation for aviation-related purposes. The tax applies to the privilege of possessing aircraft fuel and is levied on the owner upon receipt into storage tanks. The bill also outlines procedures for tax collection, penalties for non-compliance, and the adjustment of tax rates based on economic indicators.
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