Bill Text: MI SB0426 | 2015-2016 | 98th Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Aeronautics; funds; qualified airport fund; create. Amends sec. 34 of 1945 PA 327 (MCL 259.34). TIE BAR WITH: SB 0418'15, SB 0425'15, SB 0612'15, SB 0613'15, SB 0614'15

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2015-12-31 - Assigned Pa 0259'15 With Immediate Effect [SB0426 Detail]

Download: Michigan-2015-SB0426-Engrossed.html

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SB-0426, As Passed Senate, December 3, 2015

 

 

 

 

 

 

 

 

 

 

 

SUBSTITUTE FOR

 

SENATE BILL NO. 426

 

 

 

 

 

 

 

 

 

 

 

 

     A bill to amend 1945 PA 327, entitled

 

"Aeronautics code of the state of Michigan,"

 

by amending section 34 (MCL 259.34), as amended by 1996 PA 370.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 34. (1) There is hereby created a fund to be known as the

 

"state The state aeronautics fund." fund is created. All money

 

received from aviation fuel taxes imposed under section 203(1), the

 

portion of sales and use taxes to be deposited into the state

 

aeronautics fund under section 25 of the general sales tax act,

 

1933 PA 167, MCL 205.75, and section 21 of the use tax act, 1937 PA

 

94, MCL 205.111, and all money received from licensing of schools

 

of aviation, airports, landing fields, airport managers,

 

registration of aircraft and airmen, and from the operation of

 

state operated airports, landing fields, and other aeronautical

facilities, shall must be paid into the state treasury and credited

 

to this the state aeronautics fund.

 

     (2) The qualified airport fund is created. All money to be

 

deposited into the qualified airport fund under section 25 of the

 

general sales tax act, 1933 PA 167, MCL 205.75, and section 21 of

 

the use tax act, 1937 PA 94, MCL 205.111, must be paid into the

 

state treasury and credited to the qualified airport fund.

 

     Enacting section 1. This amendatory act takes effect 90 days

 

after the date it is enacted into law.

 

     Enacting section 2. This amendatory act does not take effect

 

unless all of the following bills of the 98th Legislature are

 

enacted into law:

 

     (a) Senate Bill No. 418.

 

     (b) Senate Bill No. 425.

 

     (c) Senate Bill No. 612.

 

     (d) Senate Bill No. 613.

 

     (e) Senate Bill No. 614.