Embed
Email

Aviation Presentation

Document Sample
Aviation Presentation
Description

Aviation Presentation document sample

Shared by: rlf59895
Categories
Tags
Stats
views:
2
posted:
1/16/2012
language:
pages:
16
Aviation Fuel Taxation

In Michigan









Matt Brinker

Bureau of Aeronautics & Freight Services

Aviation in Michigan

• 488 landing facilities

• 18,610 active pilots

• 7,800 registered aircraft

• 30 scheduled airlines

• 6 aircraft manufacturers

• 131 aircraft/component repair stations

• 6 military aviation facilities

Background

• Aviation fuel taxation first implemented in 1929 at

3¢ per gallon

• State Aeronautics Fund (SAF) created by PA 327

MCL 259.203 of 1945

• PA 327 also provided a 1.5¢ per gallon rebate to

scheduled, interstate airlines

• Approximately 80% of SAF funding derived from

aviation fuel tax

• The balance from a variety of sources including

fees for aircraft registration, tall structure

permits, and flight school licensing

BAFS- Statutory Responsibilities

–Airport Improvement Program (State & Federal)

–Aircraft Registration

–Tall Structures Act

–Aircraft Dealer Licensing

–Airport Manager Licensing

–Airport Inspection & Licensing

–Airport Loan Program

–Enforcement of Aeronautics Code

–Maintenance of State Aeronautics Fund

–Aviation Safety

–Airport System Plan

–Airport Planning & Zoning

Michigan Fuel Tax Rates

$0.195

$0.180 Auto Gasoline



$0.165 Diesel



$0.150 Aviation

Rate per Gallon









$0.135 Aviation w/Refund



$0.120



$0.105



$0.090

$0.075



$0.060



$0.045

$0.030

$0.015



$0.000

25

29

33



37

41



45



49

53



57



61

65



69

73

77



81

85

89



93

97



01

05



08

19

19

19



19

19



19



19

19



19



19

19



19

19

19



19

19



19

19

19



20

20



20

Year

Issues

• Revenue to the SAF no longer supports

operations

• The Airport Safety & Protection Program (ASAP),

funded by the issuance of $60M bond revenues,

has been fully implemented yet additional

infrastructure needs have been documented

• Debt service on ASAP bonds totals nearly

$5M/year for 30 years

• If revenue is not enhanced for capital &

operations, Bureau may eventually need to

reconfigure staff & programs

Budget

• Despite containment measures, the

authorized bureau operations budget

for FY2008 exceeds anticipated

revenue by 14%

• Actual FY2008 year to date revenue

is 9% lower than anticipated

Capital

• Documented needs for infrastructure

improvements exceed $1.3 billion over the

next five years

• Anticipate only $575 million in federal

funds

• Result is a shortfall of $725 million which

is further exacerbated by new, unfunded

federal mandates

Millions









$0

$2

$4

$6

$8

1996 $10

1997

1998

1999

2000

2001







Year

2002

2003

2004

2005

Aviation Fuel Tax Revenue FY1996-2007









2006

2007

Industry Trends

• Airlines

– Crude oil prices and supply uncertainty

– Fleet and schedule restructuring

– Mergers & Bankruptcies

– Northwest Airlines

Industry Trends

• General aviation

– Alternative fuels (auto gas, diesel, etc.)

– Insurance costs

– Light Sport aircraft

Foreign Trade Zones



• Greater Detroit Foreign Trade Zone (FTZ)

• Tax-free fuel for international flights

• Annual loss of $4 Million for the SAF

• FTZ popularity increasing

Sales Tax

• Currently, 100% of sales tax on aviation-

related purchases goes to General Fund



• If sales tax benefited the SAF in the

same manner as automotive-related

purchases benefit the Comprehensive

Transportation Fund (CTF), SAF would

receive an additional $1.45 Million in

annual tax revenue on aviation-related

purchases

Solutions?

• Modify fuel tax rate

• Eliminate refund with a higher base rate

• Institute percentile based tax rate with or

without a refund

Potential Fee Proposals

• Increase fees for aircraft registration,

aircraft dealer registration, and penalty for

failure to register

• Amend Tall Structure Act to more

accurately describe permit process and to

establish an application fee

• Eliminated licensing of flight schools and

hospital heliports

Questions & Discussion


Related docs
Other docs by rlf59895
Ayurvedic Company Profile
Views: 5  |  Downloads: 0
Aviva Finance
Views: 1  |  Downloads: 0
Avid Training
Views: 3  |  Downloads: 0
Awards and Recognition Certificates Cards
Views: 0  |  Downloads: 0
Aws Austria Capital
Views: 5  |  Downloads: 0
Axis Capital
Views: 0  |  Downloads: 0
Aviation Finance Contacts
Views: 4  |  Downloads: 0
Avon Macroeconomics
Views: 2  |  Downloads: 0
Award Certificate Traditional
Views: 0  |  Downloads: 0
Axonometric Projection
Views: 5  |  Downloads: 0
By registering with docstoc.com you agree to our
privacy policy

You are almost ready to download!

You are almost ready to download!