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AZ SB1636

Bill

Status

Passed

6/21/2024

Primary Sponsor

Frank Carroll

Click for details

Origin

Senate

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Amends Arizona Revised Statutes Section 42-5351 to expand the definition of "jet fuel" for excise and use tax purposes.

  • Defines jet fuel as crude oil or crude oil fractions that are liquid at 60 degrees Fahrenheit and 14.7 pounds per square inch absolute, specifically manufactured and blended for jet or turbine powered aircraft.

  • Includes aviation turbine fuels with conventional and synthetic blending components usable without modifying aircraft engines or fuel infrastructure.

  • Includes jet fuels derived from coprocessed feedstocks at conventional petroleum refineries.

  • Applies to taxable periods beginning on or after the first day of the month following the general effective date; approved by the Governor on June 21, 2024.

Legislative Description

Excise tax; jet fuel; definition

Definitions

Last Action

Chapter 242

6/21/2024

Committee Referrals

Rules3/12/2024
Ways and Means3/4/2024
Rules2/5/2024
Finance and Commerce2/5/2024

Full Bill Text

No bill text available