Airport and Airway Trust Fund Financing Act of 2007
To amend the Internal Revenue Code of 1986 to extend financing for the Airport and Airway Trust Fund, and for other purposes.
Other Bill Titles (3 more) 9/19/2007--Reported to House amended, Part I. Airport and Airway Trust Fund Financing Act of 2007 - Amends the Internal Revenue Code to
(1) impose an excise tax on aviation-grade kerosene of 35.9 cents per gallon (4.3 cents per gallon for commercial aviation uses);
(2 increase to 24.1 cents per gallon the tax rate for aviation gasoline; and
(3) extend through FY2011 the excise tax on the transportation by air of persons and property and the excise tax on aviation gasoline and aviation-grade kerosene.
Extends through FY2011 the expenditure authority for the Airport and Airway Trust Fund. Dedicates revenues from the taxes imposed on aviation gasoline and aviation-grade kerosene to carry out air traffic control modernization.
... moreSee Full Bill Text
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Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| September 17, 2007 |
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Blog Coverage
January 05, 2008 Airport and Airway Trust Fund Financing Act of 2007 : report (to ...
United States. Congress. House. Committee on Ways and Means.
Source: New Materials in English
September 17, 2007 Report: Budget Report for HR 3539: Airport and Airway Trust Fund ...
A new Congressional Budget Office Report is available. Here is a summary: The bill also would extend, through fiscal year 2011, the authority to expend amounts from the trust fund (including interest) for major programs administered by ...
Source: GovTrack.us Tracked Events
September 16, 2007 HR 3539, The Airport and Airway Trust Fund Financing Act of 2007
HR 3539 would amend the Internal Revenue Code of 1986 to extend financing for the Airport and Airway Trust Fund....








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