HB 86 Summary

• Establishes a 5 cents per gallon tax on aviation jet fuel sold or delivered by licensed aviation jet fuel suppliers in Delaware.

• Exempts aviation jet fuel from taxation when sold to the U.S. government, state/local government, for aerial application uses, or for economic development/job creation in aviation (with temporary exemption up to 5 years requiring approval from development finance council).

• Requires aviation jet fuel suppliers to obtain a license (with $10 fee) and maintain a surety bond between $5,000 and $200,000 to ensure tax compliance.

• Mandates monthly tax reports and payments due by the 25th of the following month, with penalties of $5.75-$28.75 per business day for late filings and 1% monthly interest on unpaid taxes.

• Establishes criminal penalties ranging from Class A misdemeanors to Class E felonies for tax evasion, false reporting, and operating without a license, with revenue deposited into the Transportation Trust Fund.