[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3540 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3540

 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

                           September 17, 2007

  Mr. Rangel 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 ``Federal Aviation Administration 
Extension Act of 2007''.

SEC. 2. 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 ``September 30, 
2007'' and inserting ``December 31, 2007''.
    (b) Ticket Taxes.--
            (1) Persons.--Clause (ii) of section 4261(j)(1)(A) of such 
        Code is amended by striking ``September 30, 2007'' and 
        inserting ``December 31, 2007''.
            (2) Property.--Clause (ii) of section 4271(d)(1)(A) of such 
        Code is amended by striking ``September 30, 2007'' and 
        inserting ``December 31, 2007''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on October 1, 2007.

SEC. 3. 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 ``October 1, 2007'' and inserting ``January 
        1, 2008'', and
            (2) by inserting ``or the Federal Aviation Administration 
        Extension Act of 2007'' before the semicolon at the end of 
        subparagraph (A).
    (b) Conforming Amendment.--Paragraph (2) of section 9502(f) of such 
Code is amended by striking ``October 1, 2007'' and inserting ``January 
1, 2008''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on October 1, 2007.
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