3.0.0 340 2022-02-03T05:54:24Z 2023-01-10T02:36:57Z Senate S S 2011-02-14 112 ssfi00 Finance Committee Senate Standing Reported original measure 2011-02-14T21:20:21Z S. Rept. 112-1 Airport and Airway Trust Fund Financing Reauthorization Act of 2011 112 1034 HR 2011-03-29 Placed on the Union Calendar, Calendar No. 22. Related bill CRS Text similarities House Airport and Airway Extension Act of 2011 112 1079 HR 2011-03-31 Became Public Law No: 112-7. Related bill CRS Airport and Airway Extension Act of 2011, Part II 112 1893 HR 2011-05-31 Became Public Law No: 112-16. Related bill CRS Airport and Airway Extension Act of 2011, Part III 112 2279 HR 2011-06-29 Became Public Law No: 112-21. Related bill CRS Airport and Airway Extension Act of 2011, Part IV 112 2553 HR 2011-08-05 Became Public Law No: 112-27. Related bill CRS Aviation Jobs and Safety Act of 2011 112 2644 HR 2011-07-27 Referred to the Subcommittee on Aviation. Related bill CRS Airport and Airway Extension Act of 2011, Part IV 112 1387 S 2011-07-21 Sponsor introductory remarks on measure. (CR S4775-4776) Related bill CRS 2011-02-14 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 10. Calendars 2011-02-14 ssfi00 Finance Committee Senate Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 112-1. Committee 2011-02-14 Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 112-1. Committee 14000 9 Library of Congress ssfi00 Finance Committee 2011-02-14 Sponsor introductory remarks on measure. (CR S687-688) IntroReferral B00100 9 Library of Congress 2011-02-14 Introduced in Senate IntroReferral 10000 9 Library of Congress B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN N H.R.1079 https://www.congress.gov/bill/112th-congress/house-bill/1079 Taxation Aviation and airports Government trust funds Motor fuels Sales and excise taxes Securities Transportation programs funding Taxation 00 2011-02-14 Introduced in Senate 2011-02-16T19:40:19Z Airport and Airway Trust Fund Reauthorization Act of 2011 - Amends the Internal Revenue Code to: (1) extend through September 30, 2013, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Airport and Airway Trust Fund; (2) impose an excise tax on aviation-grade kerosene of 35.9 cents per gallon; (3) establish the Air Traffic Control System Modernization Account to fund the modernization of the air traffic control system; (4) impose a tax on any liquid used as fuel in an aircraft that is registered in the United States and is part of a fractional ownership aircraft program; (5) exclude turbine engine powered aircraft from the exemption for air transportation excise taxes; (6) prohibit the inclusion of amounts not attributable to air transportation excise taxes in required disclosures of passenger taxes on tickets; (7) allow tax-exempt bond financing for fixed-wing aircraft equipped for, and exclusively dedicated to providing, acute care emergency medical services; and (8) limit expenditures from the Airport and Airway Trust Fund to 90% of the receipts (including interest) of such Fund in FY2012 or FY2013.

]]> 80 2011-02-14 Reported to Senate without amendment 2011-03-21T19:45:03Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Airport and Airway Trust Fund Reauthorization Act of 2011 - (Sec. 2) Amends the Internal Revenue Code, with respect to excise taxes dedicated to the Airport and Airway Trust Fund, to extend through September 30, 2013, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Trust Fund.

(Sec. 4) Imposes a new excise tax on aviation-grade kerosene of 35.9 cents per gallon, to be credited to the Airport and Airway Trust Fund. Lowers such tax rate to 4.3 cents per gallon for aviation-grade kerosene that is removed from any refinery or terminal directly into the fuel tank of an aircraft for use in commercial aviation. Exempts from such tax aviation-grade kerosene removed into an aircraft and for certain uses for which a tax credit or refund is allowable. Imposes a floor stocks tax on aviation-grade kerosene fuel not exceeding 2,000 gallons, that is held on April 1, 2011, by any person.

(Sec. 5) Establishes in the Airport and Airway Trust Fund the Air Traffic Control System Modernization Account. Requires the Secretary of the Treasury to transfer on October 1, 2011, and annually thereafter, amounts attributable to the excise tax on aviation-grade kerosene to the Air Traffic Control System Modernization Account. Authorizes expenditures from such Account for the modernization of the air traffic control system.

(Sec. 6) Imposes an excise tax on aircraft fuel that is registered in the United States and is part of a fractional ownership aircraft program. Sets the rate of such tax at 14.1 cents per gallon. Defines "fractional ownership aircraft program" for purposes of such tax. Terminates such tax after September 30, 2013.

(Sec. 7) Terminates the exemption from air transportation excise taxes for turbine engine powered aircraft (jet aircraft) operate on nonestablished lines.

(Sec. 8) Prohibits the inclusion of amounts not attributable to air transportation excise taxes in required disclosures of passenger taxes on tickets.

(Sec. 9) Allows tax-exempt private activity bond financing for fixed-wing aircraft equipped for, and exclusively dedicated to providing, acute care emergency medical services.

(Sec. 10) Limits expenditures from the the Airport and Airway Trust Fund in FY2012 or FY2013 to 90% of the receipts of such Fund, plus interest credited to such Fund.

]]> Airport and Airway Trust Fund Reauthorization Act of 2011 Short Titles as Introduced Airport and Airway Trust Fund Reauthorization Act of 2011 Short Titles as Reported to Senate Airport and Airway Trust Fund Reauthorization Act of 2011 S Senate Display Title Airport and Airway Trust Fund Reauthorization Act of 2011 Official Title as Introduced An original bill to amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, and for other purposes. Placed on Calendar Senate 2011-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s340pcs/xml/BILLS-112s340pcs.xml 2011-02-14 Placed on Senate Legislative Calendar under General Orders. Calendar No. 10. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.