Senate File 2070 - Introduced SENATE FILE 2070 BY KOELKER A BILL FOR An Act relating to annual aircraft registration fees, and 1 making appropriations. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5258XS (3) 90 th/ns

S.F. 2070 Section 1. Section 328.21, subsections 1, 2, and 5, Code 1 2024, are amended to read as follows: 2 1. Unless otherwise provided in this section , for the first 3 registration, a sum equal to one and one-half percent of the 4 manufacturer’s list price of the aircraft, not to exceed five 5 seven thousand dollars. 6 2. The second year’s registration fee is seventy-five 7 hundredths of one and one hundred twenty-five thousandths 8 percent of the manufacturer’s list price of the aircraft; 9 the third year’s fee is fifty seventy-five hundredths of 10 one percent; and the fourth and subsequent year’s fee is 11 twenty-five hundredths three hundred seventy-five thousandths 12 of one percent. When an aircraft other than a new aircraft is 13 registered in Iowa, the registration fee shall be based upon 14 the number of years the aircraft was previously registered. 15 However, an aircraft shall not be registered for a fee of less 16 than thirty-five one hundred dollars or more than five seven 17 thousand dollars. 18 5. An aircraft thirty years old or older, which is used 19 exclusively for noncommercial purposes, shall be registered 20 as an antique aircraft for a fee of thirty-five one hundred 21 dollars. 22 Sec. 2. Section 328.56, Code 2024, is amended by adding the 23 following new subsection: 24 NEW SUBSECTION . 3. Four and one-half percent of moneys 25 deposited in the fund pursuant to section 328.36 are 26 appropriated to the department to award grants for vertical 27 infrastructure projects at commercial service airports within 28 the state and one and one-half percent of moneys deposited in 29 the fund pursuant to section 328.36 are appropriated to the 30 department to award grants for vertical infrastructure projects 31 at general aviation airports within the state. 32 EXPLANATION 33 The inclusion of this explanation does not constitute agreement with 34 the explanation’s substance by the members of the general assembly. 35 -1- LSB 5258XS (3) 90 th/ns 1/ 2

S.F. 2070 Under current law, annual aircraft registration fees are 1 paid to the department of transportation (DOT) and deposited in 2 the state aviation fund (fund). Moneys in the fund, including 3 moneys deposited from sources other than annual aircraft 4 registration fees, are appropriated to the DOT and may be used 5 for airport engineering studies, construction or improvements, 6 the windsock program for public airports, or marketing at 7 commercial service airports. The fee for the first year of 8 aircraft registration is 1 percent of the manufacturer’s list 9 price of the aircraft. Each year thereafter, the fee is 10 reduced by .25 percent of the manufacturer’s list price of the 11 aircraft until the fee is set at .25 percent for the fourth and 12 subsequent registration years. The minimum registration fee is 13 $35 and the maximum fee is $5,000. 14 This bill increases the annual aircraft registration 15 fee for the first year from 1 percent to 1.5 percent. Each 16 year thereafter, the fee is reduced by .375 percent of the 17 manufacturer’s list price of the aircraft until the fee is 18 set at .375 percent for the fourth and subsequent years. The 19 minimum registration fee is increased to $100 and the maximum 20 fee is increased to $7,000. Aircraft registration fees are 21 owed for the registration year, as described in Code chapter 22 328, of each aircraft. 23 Additionally, the bill appropriates 4.5 percent of moneys 24 deposited into the fund as a result of annual aircraft 25 registration fees and special certificates to the DOT to award 26 grants for commercial service airport vertical infrastructure 27 projects, and 1.5 percent of such moneys to the DOT to award 28 grants for general aviation airport vertical infrastructure 29 projects. The general assembly regularly appropriates moneys 30 from the rebuild Iowa infrastructure fund for such grants. 31 Those grants are required to be used for terminal improvements 32 and must be matched by a 90 percent contribution from the 33 airport. Grants under the bill are not subject to these 34 limitations. 35 -2- LSB 5258XS (3) 90 th/ns 2/ 2