2018 -- S 2377 | |
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LC004613 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2018 | |
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A N A C T | |
RELATING TO AERONAUTICS - AIRPORTS AND LANDING FIELDS | |
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Introduced By: Senators McCaffrey, and Lynch Prata | |
Date Introduced: February 15, 2018 | |
Referred To: Senate Finance | |
(RI Airport Corporation) | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 1-2 of the General Laws entitled "Airports and Landing Fields" is |
2 | hereby amended by adding thereto the following section: |
3 | 1-2-22. Rhode Island airport and aviation fund. |
4 | (a) There is hereby established the Rhode Island airport and aviation fund to be managed |
5 | and administered by the Rhode Island airport corporation. |
6 | (b) The Rhode Island airport and aviation fund shall be funded by an aviation jet fuel |
7 | excise tax. |
8 | (1) An excise tax of seven percent (7%) on the gross sales of aviation jet fuel sold and |
9 | used in the propulsion of aircraft is hereby imposed. |
10 | (i) "Aviation jet fuel" means kerosene that meets all of the following requirements: |
11 | (A) Has a maximum distillation temperature of four hundred degrees Fahrenheit (400°F) |
12 | at the ten percent (10%) recovery point and a final maximum boiling point of five hundred |
13 | seventy two degrees Fahrenheit (572°F); and |
14 | (B) Meets American Society Testing materials Specification D 1655 and Military |
15 | Specifications MIL-T-5624P and MIL-T-83133D, Grades JP-5 and JP-8. |
16 | (2) The excise tax shall be borne by the purchaser, and no distributor offering aviation jet |
17 | fuel for sale shall sell, advertise, or offer for sale said fuel separately from the tax imposed by this |
18 | chapter. |
19 | (3) The excise tax on aviation jet fuel shall be collected by the distributor of the aviation |
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1 | jet fuel and paid directly to the Rhode Island airport and aviation fund on a quarterly basis. |
2 | (4) The sale of aviation jet fuel is exempt from the aviation jet fuel excise tax if the |
3 | aviation jet fuel is for use by the United States Armed Forces. |
4 | (c) The Rhode Island airport and aviation fund may be used for capital or operating costs |
5 | as set forth in 49 U.S.C. § 47107(b). |
6 | SECTION 2. This act shall take effect on January 1, 2019. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO AERONAUTICS - AIRPORTS AND LANDING FIELDS | |
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1 | This act would establish the Rhode Island airport and aviation fund to be managed by the |
2 | Rhode Island airport corporation and funded by an aviation jet fuel excise tax in the amount of |
3 | seven percent (7%) of the gross sales of aviation jet fuel sold and used in the propulsion of |
4 | aircraft. |
5 | This act would take effect on January 1, 2019. |
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