Sectional Analysis for HB 63 (0-LS0262\A)

1/27/97

Expands the existing exemption from state taxation (AS 43.40.100(2)) of jet fuel sold for use by aircraft flying to foreign destinations to also apply to jet fuel use by flights of foreign origination continuing on to a U.S. destination.

Sectional Analysis:

Section 1: Amends AS 43.40.100(2)(B) to include fuel sold for use by jet propulsion aircraft operating in flights that continue from foreign countries.

Replaces the word (WHICH) with the word that in AS 43.40.100(2)(F).

Expands the description (KW) to its complete spelling of kilowatts in AS.43.40.100(2)(L).

Section 2: Establishes an effective date of July 1, 1997.