- column
- NEWS NOTES
Legislation Extends Aviation Taxes
Please note: This item is from our archives and was published in 2009. It is provided for historical reference. The content may be out of date and links may no longer function.
Related
Practical considerations for deducting abandoned M&A transaction costs
OID in modern corporate debt: Timing, yield, and reporting considerations
Permanent establishment risk from remote work and the OECD’s new guidance
On March 30, 2009, President Obama signed into law the Federal Aviation Administration Extension Act of 2009, P.L. 111-12. This act extends the taxes that fund the Airport and Airway Trust Fund through the end of September. These taxes had been scheduled to expire on March 31.
Specifically, the fuel excise tax in Sec. 4081 and the air travel taxes in Secs. 4261 and 4271 are extended through September 30, 2009. The Airport and Airway Trust Fund authority under Sec. 9502 is extended until October 1, 2009.
The act also extends the Airport Improvement Program and other expiring authorities under the transportation title of the U.S. Code, title 49.
