(at the request of Senate Interim Committee on Energy and Environment)
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Bill Title:
Relating to aviation; prescribing an effective date.
Catchline/Summary:
Creates an income tax credit for owners of aircraft that incur qualifying expenses to enable an aircraft that is powered by leaded aviation gasoline to be certified to instead be powered by unleaded aviation gasoline. Digest: The Act makes a tax credit for airplanes that switch to unleaded gas. The Act says the State Aviation Board may award grants to airports that sell unleaded gas for airplanes and for projects that prevent and reduce noise. Adds two members to the board who vote and one more from DEQ who does not vote. Becomes law 91 days from sine die. (Flesch Readability Score: 82.0).
Creates an income tax credit for owners of aircraft that incur qualifying expenses to enable an aircraft that is powered by leaded aviation gasoline to be certified to instead be powered by unleaded aviation gasoline. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032.
Increases State Aviation Board from seven to nine voting members by requiring the appointment of two members who are residents of communities that are affected by general aviation airport traffic or traffic at a commercial airport at which there is significant general aviation activity. Makes the Director of the Department of Environmental Quality, or the director's designee, an ex officio nonvoting member of the board.
Provides grants for airport development to allow the sale of unleaded aviation fuel at airports and prevent and mitigate noise around airports.
Takes effect on the 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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