Senate Bill No. 39–Senator Townsend
Prefiled January 24, 2001
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Referred to Committee on Taxation
SUMMARY—Expands purposes for which proceeds of
certain taxes on fuel for jet or turbine‑powered aircraft may be used by
governmental entity. (BDR 32‑789)
FISCAL NOTE: Effect on Local Government: No.
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EXPLANATION
– Matter in bolded italics is new; matter
between brackets [omitted material] is material to be omitted.
Green numbers along
left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).
AN ACT relating to taxation; expanding the purposes for which the proceeds of certain
taxes on fuel for jet or turbine-powered aircraft may be used by a governmental
entity; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
1-1 Section 1. NRS 365.545
is hereby amended to read as follows:
1-2 365.545 1. The proceeds of all taxes on fuel for jet or
turbine-
1-3 powered aircraft imposed
pursuant to the provisions of
NRS 365.170 or
1-4 365.203 must be deposited in
the account for taxes on fuel for jet or
1-5 turbine-powered aircraft in
the state general fund and must be allocated
1-6 monthly by the department to
the governmental entity which owns the
1-7 airport at which the tax was
collected, or if the airport is privately owned,
1-8 to the county in which the
airport is located.
1-9 2. The money so received
must be used by the governmental entity
1-10 receiving it to pay the cost
of:
1-11 (a) Transportation projects related to airports, including access
on the
1-12 ground to airports;
1-13 (b) Payment of principal and interest on notes, bonds or other
1-14 obligations incurred to fund
projects described in paragraph (a); [or]
1-15 (c) Promoting the use
of an airport, including, without limitation,
1-16 increasing the number and availability of flights at the airport;
or
1-17 (d) Any combination of those
purposes.
1-18 3. Money so received may
also be pledged for the payment of general
1-19 or special obligations
issued to fund projects described in paragraph (a) of
1-20 subsection 2.
2-1 4. Any money pledged
pursuant to the provisions of
subsection 3 may
2-2 be treated as pledged
revenues of the project for the purposes of subsection
2-3 3 of NRS 350.020.
2-4 Sec. 2. This act becomes effective on July 1, 2001.
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