U.S. Senate Panel Approves Aviation Trust Fund ReauthorizationFebruary 10, 2011 at 10:36 am | Posted in Aviation Law Current Event | Leave a comment
by Sara M. Langston with the blog faculty
Source: Aviation Week
The U.S. Senate Finance Committee on Tuesday, Feb. 8, approved a bill reauthorizing the Airport and Airway Trust fund and extending various aviation taxes. That bill now likely will be attached to the FAA Reauthorization bill the Senate already is debating.
Under the Senate committee’s bill, general aviation fuel taxes would rise to 35.9 cents per gallon from the current 21.8 cents. Last year’s bill included a similar increase, but that legislation did not get through Congress. The jet fuel tax also would be paid by fractional aircraft. Also carried over from last year is an allocation of $400 million per year to modernize the air traffic control system, to be paid by jet fuel taxes from the trust fund.
Committee approval of the Airport and Airway Trust Fund reauthorization came Tuesday as FAA Administrator Randy Babbitt prepared to appear before the House subcommittee on aviation to discuss the FAA Reauthorization bill. The House subcommittee hearing will continue through Wednesday, Feb. 9. [Full story]