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IN HB1621
Bill
Status
1/22/2019
Primary Sponsor
Holli Sullivan
Click for details
AI Summary
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Sales and use tax revenue from aircraft sales would be deposited into the airport development grant fund established under IC 8-21-11-4
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Aviation fuel excise tax revenue would be deposited entirely into the airport development grant fund, changing from the current 50/50 split between the state general fund and the airport development grant fund
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Amends IC 6-2.5-10-1 to require the Department of Revenue to separately track and account for sales and use taxes attributable to aircraft sales
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Effective date: July 1, 2019
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Introduced by Representative Sullivan on January 22, 2019 and referred to the House Committee on Ways and Means
Legislative Description
Aviation taxes. Provides that: (1) sales and use tax revenue attributable to the sale of aircraft; and (2) aviation fuel excise tax revenue; shall be deposited in the airport development grant fund.
Last Action
First reading: referred to Committee on Ways and Means
1/22/2019