H.R. 1034: Airport and Airway Trust Fund Financing Reauthorization Act of 2011

March 16, 2011 at 7:37 pm | Posted in Aviation Law | Leave a comment

by P.J. Blount with the blog faculty

H.R. 1034: Airport and Airway Trust Fund Financing Reauthorization Act of 2011 was introduced on March 11. 2011 by Rep. David Camp (R-MI4):

HR 1034 IH

112th CONGRESS

1st Session

H. R. 1034

To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund.

IN THE HOUSE OF REPRESENTATIVES

March 11, 2011

Mr. CAMP introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Airport and Airway Trust Fund Financing Reauthorization Act of 2011′.

SEC. 2. EXTENSION OF AIRPORT AND AIRWAY TRUST FUND EXPENDITURE AUTHORITY.

(a) In General- Paragraph (1) of section 9502(d) of the Internal Revenue Code of 1986 is amended–

(1) by striking `April 1, 2011′ and inserting `October 1, 2014′, and

(2) by inserting `or the FAA Reauthorization and Reform Act of 2011′ before the semicolon at the end of subparagraph (A).

(b) Conforming Amendment- Paragraph (2) of section 9502(e) of such Code is amended by striking `April 1, 2011′ and inserting `October 1, 2014′.

SEC. 3. EXTENSION OF TAXES FUNDING AIRPORT AND AIRWAY TRUST FUND.

(a) Fuel Taxes- Subparagraph (B) of section 4081(d)(2) of the Internal Revenue Code of 1986 is amended by striking `March 31, 2011′ and inserting `September 30, 2014′.

(b) Ticket Taxes-

(1) PERSONS- Clause (ii) of section 4261(j)(1)(A) of such Code is amended by striking `March 31, 2011′ and inserting `September 30, 2014′.

(2) PROPERTY- Clause (ii) of section 4271(d)(1)(A) of such Code is amended by striking `March 31, 2011′ and inserting `September 30, 2014′.

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