MI SB1071

Adds a new subsection (9) requiring that collections from the 4% sales tax on aviation fuel be deposited into the state aeronautics fund beginning fiscal year 2022, with a minimum annual deposit of $10,000,000.

Maintains existing distributions of aviation fuel sales tax, with 35% going to the state aeronautics fund and 65% going to the qualified airport fund under the current quarterly reconciliation process.

Renumbers existing subsections (9) and (10) to subsections (10) and (11) respectively to accommodate the new aviation fuel provision.

The new aviation fuel deposit requirement applies to all fiscal years beginning September 30, 2022 and thereafter, in addition to existing aeronautics fund allocations.