House Ways and Means Committee Chairman Kevin Brady (R-TX) and Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) today introduced H.R. 4721—a bill to extend the authorization of Federal Aviation Administration (FAA) programs through July 15, 2016. The bill also would extend through March 31, 2017, certain taxes and tax rates that are dedicated to the airport and airway trust fund.
For example, H.R. 4721 [PDF 48 KB] would extend:
A Ways and Means Committee press release explains that:
H.R. 4721, the Airport and Airway Extension Act of 2016, is a clean extension of FAA programs and the Airport and Airway Trust Fund collection authority. Without an extension, the authority to collect aviation taxes will lapse, and the Airport and Airway Trust Fund will be deprived of more than $30 million per day, funding which is for air traffic control, airport development, and other aviation programs. In addition, airports will be unable to receive grant money that’s already been awarded to them, putting dozens of construction projects across the country at risk of delay, cost overrun, or cancellation. H.R. 4721 avoids these unnecessary consequences as Congress works to finalize a long-term aviation bill.
The airport and airway trust fund taxes that would be extended by the bill currently are scheduled to expire March 31, 2016. The Ways and Means Committee has not yet announced when it will meet to mark up the extension legislation.
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