Airport and Airway Trust Fund Financing Act of 2007
Official title: To amend the Internal Revenue Code of 1986 to extend financing for the Airport and Airway Trust Fund, and for other purposes.
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For Further Action See H.R.2881.
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.
- Introduced in House Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3539: Airport and Airway Trust Fund Financing Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-3539/
"H.R. 3539: Airport and Airway Trust Fund Financing Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-3539/.
H.R. 3539, 110th Cong. (2026), https://openamerica.io/bill/110-HR-3539/.
[H.R. 3539: Airport and Airway Trust Fund Financing Act of 2007](https://openamerica.io/bill/110-HR-3539/)