SB 1783

Abstract

Amends the Motor Fuel Tax Law. Provides that, beginning on July 1, 2003, a tax based on gallonage of fuel used for the propulsion of aircraft that is sold at O'Hare International Airport is imposed at the rate of 1 cent per gallon with tax receipts to be deposited into the Jet Service Establishment, Expansion, and Retention Fund, a special fund created in the State treasury. Amends the State Finance Act. Provides that in order to maximize opportunities for economic development in Illinois, money in the Fund shall be used by the Department of Transportation, subject to appropriation, to assist in establishing, expanding, and retaining jet service at the State's 12 primary airports. Effective immediately.