Aeronautics: aircraft; aircraft registration fees; modify. Amends secs. 76 & 77 of 1945 PA 327 (MCL 259.76 & 259.77).

This bill updates Michigan's aeronautics code to clarify the rules for registering and taxing aircraft based on their weight. It requires aircraft owners to pay an annual fee calculated at 5 cents per pound of the aircraft's maximum gross or takeoff weight, which serves as a replacement for property taxes on the plane. The legislation outlines specific exemptions for certain aircraft, such as those used in scheduled passenger service, government-owned planes, and foreign aircraft operating in the state for short periods. Additionally, it sets clear deadlines for submitting renewal applications and establishes a penalty structure for late payments, while allowing for waivers in cases of reasonable cause.