Creates provisions relating to revenues of airports

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Creates provisions relating to revenues of airports

The following summaries of this bill are available: Print All Summaries Introduced Print SB 1788 - This act restricts expenditure of any local taxes collected by a political subdivision on aviation fuel or the revenues generated by an international airport that is the subject of federal assistance or the subject of assistance from the Missouri Department of Transportation for purposes other than the capital or operating costs of the airport, the local airport system, or any other local facility that is owned or operated by the person or entity that owns or operates the airport that is directly and substantially related to the air transportation of passengers or property.

What This Bill Does

• The following summaries of this bill are available: Print All Summaries Introduced Print SB 1788 - This act restricts expenditure of any local taxes collected by a political subdivision on aviation fuel or the revenues generated by an international airport that is the subject of federal assistance or the subject of assistance from the Missouri Department of Transportation for purposes other than the capital or operating costs of the airport, the local airport system, or any other local facility that is owned or operated by the person or entity that owns or operates the airport that is directly and substantially related to the air transportation of passengers or property.
• Provisions of this act do not apply to any taxes collected by a political subdivision for sale of a private airport to a public entity if the sale is approved by the Secretary of the U.S.
• Department of Transportation, funding is provided under federal law for any portion of the public entity's acquisition of airport land, and an amount described in the act under federal law to that airport for purposes other than land acquisition, is repaid to the Federal Department of Transportation by the private owner.
• Repayments referred to in this act shall be treated as a recovery of prior year obligations.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

The following summaries of this bill are available:

Print All Summaries

Introduced

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SB 1788 - This act restricts expenditure of any local taxes collected by a political subdivision on aviation fuel or the revenues generated by an international airport that is the subject of federal assistance or the subject of assistance from the Missouri Department of Transportation for purposes other than the capital or operating costs of the airport, the local airport system, or any other local facility that is owned or operated by the person or entity that owns or operates the airport that is directly and substantially related to the air transportation of passengers or property.

Provisions of this act do not apply to any taxes collected by a political subdivision for sale of a private airport to a public entity if the sale is approved by the Secretary of the U.S. Department of Transportation, funding is provided under federal law for any portion of the public entity's acquisition of airport land, and an amount described in the act under federal law to that airport for purposes other than land acquisition, is repaid to the Federal Department of Transportation by the private owner. Repayments referred to in this act shall be treated as a recovery of prior year obligations.

Nothing in this act may be construed to prevent the use of a state tax on aviation fuel to support a state aviation program or the use of airport revenue on or off the airport for a noise mitigation purpose.
JOSH NORBERG

Current Bill Text

SECOND REGULAR SESSION
SENATE BILL NO. 1788
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR WILLIAMS.
7482S.01I KRISTINA MARTIN, Secretary
AN ACT
To amend chapter 385, RSMo, by adding thereto one new section relating to revenues of airports.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Chapter 385, RSMo, is amended by adding thereto 1
one new section, to be known as section 385.281, to read as 2
follows:3
385.281. 1. Any local taxes collected by a political 1
subdivision on aviation fuel or the revenues generated by an 2
international airport that is the subject of federal 3
assistance or the subject of assistance from the Missouri 4
department of transportation shall not be expended by such 5
political subdivision for any purpose other than the capital 6
or operating costs of: 7
(1) The airport; 8
(2) The local airport system; or 9
(3) Any other local facility that is owned or operated 10
by the person or entity that owns or operates the airport 11
that is directly and substantially related to the air 12
transportation of passengers or property. 13
2. The provisions of subsection 1 of this section 14
shall not apply to any local taxes collected by a political 15
subdivision in the case of the sale of a private airport to 16
a public entity if: 17
SB 1788 2
(1) The sale is approved by the U.S. Secretary of 18
Transportation; 19
(2) Funding is provided under federal law for any 20
portion of the public entity's acquisition of airport land; 21
and 22
(3) An amount equal to the remaining unamortized 23
portion of any airport improvement grant made under federal 24
law to that airport for purposes other than land 25
acquisition, amortized over a twenty year period, plus an 26
amount equal to the federal share of the current fair market 27
value of any land acquired with an airport improvement grant 28
made to that airport on or after October 1, 1996, is repaid 29
to the federal Department of Transportation by the private 30
owner. Repayments referred to in this subdivision shall be 31
treated as a recovery of prior year obligations. 32
3. Nothing in this section may be construed to prevent 33
the use of a state tax on aviation fuel to support a state 34
aviation program or the use of airport revenue on or off the 35
airport for a noise mitigation purpose. 36
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