Congress passes extension of airport, airways trust fund taxes

Extension of airport, airways trust fund taxes

The Senate today and House of Representatives yesterday approved H.R. 3614, the “Airport and Airway Extension Act of 2015," clearing the way for the bill to be sent to the White House for action by the president. The bill would extend through March 31, 2016, certain taxes and tax rates that are dedicated to the airport and airway trust fund.

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In particular, H.R. 3614 would extend:

  • The imposition of tax at an increased rate on certain removals, entries, and sales of aviation gasoline and kerosene used in noncommercial aviation
  • The tax on amounts paid for taxable transportation of persons by air
  • The tax on amounts paid for taxable transportation of property by air
  • The exemption for aircraft in fractional ownership aircraft programs

The House passed H.R. 3614 under "suspension of the rules"—a procedure that requires the vote of at least two-thirds of voting members to pass a bill. The Senate approved the bill by unanimous consent.

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The revenue provisions to be extended by the bill are scheduled to expire at the end of the day, Wednesday, September 30. Now that both the House and Senate have approved legislation extending the provisions, the president must sign the legislation for the extensions to become law, and not lapse.

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