MI SB0613

Requires taxpayers selling aviation fuel at retail to file quarterly informational reports with the department beginning April 1, 2016, showing total taxable sales, gross proceeds, tax liability, and gallons sold at each airport.

Establishes a $10 per day penalty (maximum $500 per violation) for failure to file the required aviation fuel reports, waivable for reasonable cause.

Distributes 35% of the 2% sales tax collected on aviation fuel sales to the state aeronautics fund for aeronautics code purposes and 65% to the qualified airport fund for qualified airport purposes, beginning October 1, 2016.

Requires annual reconciliation of distributed amounts against actual collections with adjustments made to the next quarter beginning January 1, and mandates annual reconciliation reports to qualified airport operators.

Act takes effect 90 days after enactment (March 22, 2016) only if Senate Bills 418, 425, 426, 612, and 614 are also enacted.