Fiscal Note
HB0365 - Aviation Amendments
State Impact:
Enactment of this bill could increase the Aeronautics Restricted Account by $501,000 in FY 2009 and by $526,800 in FY 2010.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Transportation Fund Restricted | $0 | $0 | $0 | $0 | $501,000 | $526,800 |
| Total | $0 | $0 | $0 | $0 | $501,000 | $526,800 |
Individual, Business and/or Local Impact:
Individuals registering aircraft in the State will see changes in the registrations fees and the fees in lieu of the ad valorem tax. The net result is a decrease in fee revenue for local governments. Local governments could see revenue losses estimated at about $761,000 in FY 2009 and by $785,000 in FY 2010.
| 2/6/2008, 5:51:59 PM, Lead Analyst: Wilko, A. | Office of the Legislative Fiscal Analyst |