[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6327 Introduced in House (IH)]
110th CONGRESS
2d Session
H. R. 6327
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.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 20, 2008
Mr. Rangel (for himself, Mr. Oberstar, Mr. Costello, Mr. Mica, Mr.
Petri, and Mr. Blumenauer) 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, and for
other purposes.
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 2008''.
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 ``June 30, 2008''
and inserting ``September 30, 2008''.
(b) Ticket Taxes.--
(1) Persons.--Clause (ii) of section 4261(j)(1)(A) of the
Internal Revenue Code of 1986 is amended by striking ``June 30,
2008'' and inserting ``September 30, 2008''.
(2) Property.--Clause (ii) of section 4271(d)(1)(A) of such
Code is amended by striking ``June 30, 2008'' and inserting
``September 30, 2008''.
(c) Effective Date.--The amendments made by this section shall take
effect on July 1, 2008.
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 ``July 1, 2008'' and inserting ``October 1,
2008'', and
(2) by inserting ``or the Federal Aviation Administration
Extension Act of 2008'' 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 the date specified in such paragraph and
inserting ``October 1, 2008''.
(c) Extension of Expiring Aviation Program Authority.--
(1) Section 40117(l)(7) of title 49, United States Code, is
amended by striking ``the date that is 3 years after the date
of issuance of regulations to carry out this subsection.'' and
inserting ``September 30, 2008.''.
(2) Section 47141(f) of title 49, United States Code, is
amended by striking ``September 30, 2007.'' and inserting
``September 30, 2008.''.
(3) Section 161 of the Vision 100--Century of Aviation
Reauthorization Act (49 U.S.C. 47109 note) is amended by
striking ``fiscal year 2008 before July 1, 2008.'' and
inserting ``fiscal year 2008.''.
(4) Section 186(d) of the Vision 100--Century of Aviation
Reauthorization Act (Pub. L. No. 108-176, 117 Stat. 2490, 2518)
is amended by striking ``October 1, 2007, and for the portion
of fiscal year 2008 ending before July 1, 2008,'' and inserting
``October 1, 2008,''.
(5) Section 47115(j) of title 49, United States Code, is
amended by striking ``fiscal years 2004 through 2007,'' and
inserting ``fiscal years 2004 through 2008,''.
(6) Section 44302(f)(1) of title 49, United States Code, is
amended by striking ``August 31, 2008'' and inserting
``November 30, 2008''.
(7) Section 44303(b) of such title is amended by striking
``December 31, 2008'' and inserting ``March 31, 2009''.
(d) Effective Date.--The amendments made by this section shall take
effect on July 1, 2008.
SEC. 4. EXTENSION OF AIRPORT IMPROVEMENT PROGRAM.
(a) Authorization of Appropriations.--Section 48103(5) of title 49,
United States Code, is amended to read as follows:
``(5) $3,675,000,000 for fiscal year 2008.''.
(b) Project Grant Authority.--Section 47104(c) of such title is
amended by striking ``June 30, 2008,'' and inserting ``September 30,
2008,''.
(c) Effective Date.--The amendments made by this section shall take
effect on July 1, 2008.
SEC. 5. RESTORATION OF HIGHWAY TRUST FUND BALANCE.
(a) In General.--Subsection (f) of section 9503 of the Internal
Revenue Code of 1986 (relating to determination of trust fund balances
after September 30, 1998) is amended--
(1) by redesignating paragraphs (1) and (2) as
subparagraphs (A) and (B), respectively, and by moving such
subparagraphs 2 ems to the right,
(2) by striking ``For purposes'' and inserting the
following:
``(1) In general.--For purposes'',
(3) by moving the flush sentence at the end of paragraph
(1), as so amended, 2 ems to the right, and
(4) by adding at the end the following new paragraph:
``(2) Restoration of fund balance.--Out of money in the
Treasury not otherwise appropriated, there is hereby
appropriated to the Highway Trust Fund $8,000,000,000.''.
(b) Conforming Amendment.--The last sentence of section 9503(f)(1)
of the Internal Revenue Code of 1986, as amended by subsection (a), is
amended by striking ``subsection'' and inserting ``paragraph''.
(c) Effective Date.--The amendments made by this section shall take
effect on October 1, 2008.
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