- Introduced -

SB 968 - This act removes the cap on the amount of aviation jet tax revenues which may be deposited in the Aviation Trust Fund. Current law only permits $5 million of the aviation jet fuel tax revenues to be placed in the fund. This act also removes the aviation jet fuel tax from the sunset provision of the law. Thus, only the exemptions are subject to the sunset. This act also changes the formula for matching funds from the Aviation Trust Fund. Under current law, the commission may match state funds at a 80% level and locals at a 20% level. This is changed to a 90/10 formula.

TECHNICAL CHANGES - This act also modifies the language regarding the deposit of unclaimed aviation fuel refunds. The current law states that "If any person fails to apply for a refund as provided in Chapter 142, RSMo, he makes a gift of his refund to the Aviation Trust Fund." The new language simply states that the refund amount will be deposited in such fund. This act also makes some technical changes by referring to the Missouri Department of Transportation Commission as simply the commission.

STEPHEN WITTE