US Codex
Bill
Notes

Title II — Revenue Provisions

H.R. 4721 · 114th Congress · Mar 30, 2016 · Lineage

II Revenue Provisions

Sec. 201 Expenditure authority from Airport and Airway Trust Fund

(a)
In general— Section 9502(d)(1) of the Internal Revenue Code of 1986 is amended—
(1)
in the matter preceding subparagraph (A), by striking “April 1, 2016” and inserting “July 16, 2016”; and
(2)
in subparagraph (A), by striking the semicolon at the end and inserting “or the Airport and Airway Extension Act of 2016;”.
(b)
Conforming amendment— Section 9502(e)(2) of such Code is amended by striking “April 1, 2016” and inserting “July 16, 2016”.

Sec. 202 Extension of taxes funding Airport and Airway Trust Fund

(a)
Fuel taxes— Section 4081(d)(2)(B) of the Internal Revenue Code of 1986 is amended by striking “March 31, 2016” and inserting “July 15, 2016”.
(b)
Ticket taxes—
(1)
Persons— Section 4261(k)(1)(A)(ii) of such Code is amended by striking “March 31, 2016” and inserting “July 15, 2016”.
(2)
Property— Section 4271(d)(1)(A)(ii) of such Code is amended by striking “March 31, 2016” and inserting “July 15, 2016”.
(c)
Fractional ownership programs—
(1)
Treatment as non-commercial aviation— Section 4083(b) of such Code is amended by striking “April 1, 2016” and inserting “July 16, 2016”.
(2)
Exemption from ticket taxes— Section 4261(j) of such Code is amended by striking “March 31, 2016” and inserting “July 15, 2016”.