[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6173 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6173

 To amend the Internal Revenue Code of 1986 to suspend temporarily the 
        excise tax on aviation fuel used in commercial aviation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 3, 2008

 Mr. Sessions introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to suspend temporarily the 
        excise tax on aviation fuel used in commercial aviation.

    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 ``Travel Related Industries Protection 
Act of 2008''.

SEC. 2. SUSPENSION OF EXCISE TAX ON AVIATION FUEL USED IN COMMERCIAL 
              AVIATION.

    (a) In General.--Section 4081 of the Internal Revenue Code of 1986 
(relating to imposition of tax on motor and aviation fuels) is amended 
by adding at the end the following new subsection:
    ``(f) Suspension of Tax on Kerosene Used in Commercial Aviation.--
            ``(1) In general.--The rate of tax under subsection 
        (a)(2)(C)(i) on kerosene used in commercial aviation shall be 
        zero during the suspension period.
            ``(2) Definitions.--For purposes of paragraph (1)--
                    ``(A) Suspension period.--The term `suspension 
                period' means any period beginning on a tax suspension 
                date and ending on a suspension termination date.
                    ``(B) Tax suspension date.--The term `tax 
                suspension date' means--
                            ``(i) the date which is 7 days after the 
                        date of the enactment of this subsection, and
                            ``(ii) any date thereafter for which the 
                        price of a barrel of crude oil is not less than 
                        the price of a barrel of crude oil on the date 
                        of enactment of this subsection.
                    ``(C) Suspension termination date.--The term 
                `suspension termination date' means the earlier of--
                            ``(i) the first day after any 5-day period 
                        beginning after a tax suspension date for which 
                        the price of a barrel of crude oil on each of 
                        the days of such period is 75 percent or less 
                        of such price on the date of enactment of this 
                        subsection, or
                            ``(ii) the date which is 2 years after the 
                        date of the enactment of this subsection.
                    ``(D) Determination of price.--For purposes of this 
                paragraph, the price of a barrel of crude oil shall be 
                the average price for West Texas Intermediate crude, as 
                published by the Energy Information Administration, 
                Department of Energy.''.
    (b) Suspension of Tax on Special Fuels Used in Commercial 
Aviation.--Paragraph (3) of section 4041(c) of such Code (relating to 
rate of tax) is amended by inserting ``and zero with respect to any 
such sale or use for commercial aviation during a suspension period (as 
defined in section 4081(f)(2)(A)'' after ``aviation''.
    (c) Suspension of Limitation on Refunds for Kerosene Used in 
Commercial Aviation.--Subparagraph (A) of section 6427(l)(4) of such 
Code (relating to refunds for kerosene used in aviation) is amended by 
adding at the end the following flush sentence:
                ``Clause (ii) shall not apply during a suspension 
                period (as defined in section 4081(f)(2)(A).''.
    (d) Maintenance of Trust Fund Deposits.--In determining the amounts 
to be appropriated to the Airport and Airway Trust Fund under section 
9502 of the Internal Revenue Code of 1986, an amount equal to the 
reduction in revenues to the Treasury by reason of the amendments made 
by this section shall be treated as taxes received in the Treasury 
under section 4081 of such Code attributable to the rate specified in 
section 4081(a)(2)(C) thereof.
    (e) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
                                 <all>