Read the full stored bill text
House
File
2183
-
Introduced
HOUSE
FILE
2183
BY
BRADLEY
A
BILL
FOR
An
Act
crediting
excise
taxes
imposed
upon
the
sale
of
aircraft
1
to
the
aviation
fund.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
6604HH
(2)
91
jm/jh
H.F.
2183
Section
1.
Section
328.56,
subsection
1,
Code
2026,
is
1
amended
to
read
as
follows:
2
1.
A
state
aviation
fund
is
created
under
the
authority
of
3
the
department.
The
fund
shall
consist
of
moneys
deposited
in
4
the
fund
pursuant
to
sections
328.36
,
423.43,
and
452A.82
and
5
other
moneys
appropriated
to
the
fund.
6
Sec.
2.
Section
423.43,
subsection
1,
paragraph
a,
Code
7
2026,
is
amended
to
read
as
follows:
8
a.
Except
as
provided
in
subsections
2
,
and
3
,
and
4
,
9
all
revenue
arising
under
the
operation
of
the
use
tax
under
10
subchapter
III
shall
be
deposited
into
the
general
fund
of
the
11
state.
12
Sec.
3.
Section
423.43,
Code
2026,
is
amended
by
adding
the
13
following
new
subsection:
14
NEW
SUBSECTION
.
4.
All
revenues
attributable
to
the
15
imposition
of
the
excise
tax
upon
the
purchase
of
aircraft
16
subject
to
taxation
under
section
423.5,
subsection
1,
17
paragraph
“a”
,
shall
be
credited
to
the
state
aviation
fund
18
created
in
section
328.56.
19
EXPLANATION
20
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
21
the
explanation’s
substance
by
the
members
of
the
general
assembly.
22
This
bill
credits
excise
taxes
(use
taxes)
imposed
upon
the
23
sale
of
aircraft
to
the
state
aviation
fund.
Currently,
the
24
use
tax
is
imposed
at
a
rate
of
6
percent
upon
the
sale
of
25
aircraft
subject
to
registration
under
Code
section
328.20,
26
if
the
aircraft
is
purchased
for
use
in
this
state.
The
bill
27
changes
the
deposit
of
the
use
taxes
from
the
sale
of
such
28
aircraft
from
the
general
fund
of
the
state
to
the
state
29
aviation
fund.
Moneys
in
the
state
aviation
fund
are
for
use
30
by
the
department
of
transportation
for
airport
engineering
31
studies,
construction
or
improvements,
and
the
windsock
32
program
for
public
airports
and
marketing
at
commercial
service
33
airports.
34
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