Text: S03256                            Text: S03258
Text: S03200 - S03299                   Text: S Index
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Senate Amendment 3257

Amendment Text

PAG LIN
  1  1    Amend House File 199, as amended, passed, and
  1  2 reprinted, by the House, as follows:
  1  3    #1.  Page 1, by inserting before line 1 the
  1  4 following:
  1  5    "Section 1.  NEW SECTION.  328.36A  STATE AVIATION
  1  6 FUND.
  1  7    There is created a fund to be known as the state
  1  8 aviation fund, which shall consist of all moneys
  1  9 received by the department from the use tax collected
  1 10 on aircraft subject to registration as provided in
  1 11 section 423.7B, together with all moneys appropriated
  1 12 to the fund by the state.
  1 13    Unless otherwise provided, the fund is appropriated
  1 14 for airport engineering studies and construction of or
  1 15 improvements to public airports.
  1 16    Notwithstanding section 12C.7, subsection 2,
  1 17 interest or earnings on investments or time deposits
  1 18 of the moneys in the state aviation fund shall be
  1 19 credited to the state aviation fund."
  1 20    #2.  Page 3, by inserting after line 10 the
  1 21 following:
  1 22    "Sec.    .  NEW SECTION.  423.7B  AIRCRAFT SUBJECT
  1 23 TO REGISTRATION.
  1 24    The tax imposed upon the use of aircraft subject to
  1 25 registration shall be paid by the owner of the
  1 26 aircraft to the state department of transportation
  1 27 from whom the registration receipt is obtained.  A
  1 28 registration receipt for an aircraft subject to
  1 29 registration shall not be issued until the tax has
  1 30 been paid.  The state department of transportation
  1 31 shall require every applicant for a registration
  1 32 receipt for an aircraft subject to registration to
  1 33 supply information as the director deems necessary as
  1 34 to the time of purchase, the purchase price, and other
  1 35 information relative to the purchase of the aircraft.
  1 36 On or before the tenth day of each month the state
  1 37 department of transportation shall remit to the
  1 38 department the amount of the taxes collected during
  1 39 the preceding month.
  1 40    Sec.    .  Section 423.24, Code 1999, is amended by
  1 41 adding the following new subsection:
  1 42    NEW SUBSECTION.  2A.  All revenues derived from the
  1 43 use tax on aircraft subject to registration as
  1 44 collected pursuant to section 423.7B shall be
  1 45 deposited and credited to the state aviation fund
  1 46 created in section 328.36A." 
  1 47 
  1 48 
  1 49                               
  1 50 MIKE CONNOLLY 
  2  1 HF 199.702 78
  2  2 mg/sc
     

Text: S03256                            Text: S03258
Text: S03200 - S03299                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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