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OK HB2241

Bill

Official Source

Status

Passed

5/22/2015

Primary Sponsor

Clark Jolley

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 6005 to modify distribution of aircraft excise tax revenues beginning July 1, 2015
  • Starting July 1, 2015, the first $4,500,000 of annual aircraft excise tax revenue shall be credited to the Oklahoma Aeronautics Commission Revolving Fund
  • Any aircraft excise tax revenue exceeding $4,500,000 annually shall be credited to the General Revenue Fund for legislative appropriation
  • Prior to July 1, 2015, all aircraft excise tax revenues were distributed to the Oklahoma Aeronautics Commission Revolving Fund (100% from 2000-2015)
  • Act becomes effective November 1, 2015

Legislative Description

Revenue and taxation; aircraft excise tax; modifying distribution of revenue; effective date.

Revenue and Taxation

Last Action

Approved by Governor 06/01/2015

5/22/2015

Committee Referrals

Appropriations and Budget5/15/2015

Full Bill Text

No bill text available