[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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