Airport and Airway Trust Fund Financing Act of 2007
Latest action · Sep 20, 2007 For Further Action See H.R.2881.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 17, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Airport and Airway Trust Fund Financing Act of 2007 - Amends the Internal Revenue Code to (1) impose an excise tax on aviation-grade kerosene of 35.9 cents per gallon (4.3 cents per gallon for commercial aviation uses); (2) increase to 24.1 cents per gallon the tax rate for aviation gasoline; and (3) extend through FY2011 the excise tax on the transportation by air of persons and property and the excise tax on aviation gasoline and aviation-grade kerosene.
Extends through FY2011 the expenditure authority for the Airport and Airway Trust Fund.
Dedicates revenues from the taxes imposed on aviation gasoline and aviation-grade kerosene to carry out air traffic control modernization.
Cosponsors
Members who signed on, in the order they did.
Actions 10
Everything that happened, newest first.
- Sep 20, 2007For Further Action See H.R.2881.
- Sep 20, 2007On September 20, 2007, House agreement to H.Res. 664 added text similar to H.R. 3539 to H.R. 2881, the FAA Reauthorization Act of 2007.
- Sep 19, 2007Committee on Transportation discharged.
- Sep 19, 2007Placed on the Union Calendar, Calendar No. 207.
- Sep 19, 2007Reported (Amended) by the Committee on Ways and Means. H. Rept. 110-334, Part I.
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2345 | American Infrastructure Investment and Improvement Act of 2007 | Related bill | Nov 13, 2007 |
| S 2530 | Federal Aviation Administration Extension Act of 2007 | Related bill | Dec 19, 2007 |
| HR 2881 | FAA Reauthorization Act of 2007 | Procedurally related | May 7, 2008 |
| HR 3540 | Federal Aviation Administration Extension Act of 2007 | Related bill | Jul 8, 2008 |
| HR 5270 | Airport and Airway Extension Act of 2008 | Related bill | Jul 8, 2008 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 2
Each version as it was printed, newest first.
- Sep 19, 2007Reported in House
- Sep 17, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.