US Codex
Pub. L.
Notes

Title II — Aviation Revenue Provisions

118th Congress · Approved Dec 26, 2023 · 137 Stat. 1112 · Lineage

TITLE II Aviation 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 “ January 1, 2024” and inserting “ March 9, 2024”; and
(2)
in subparagraph (A) by striking the semicolon at the end and inserting “ or the Airport and Airway Extension Act of 2023, Part II;”.
(b)
Conforming Amendment.— Section 9502(e)(2) of such Code is amended by striking “ January 1, 2024” and inserting “ March 9, 2024”.

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 “ December 31, 2023” and inserting “ March 8, 2024”.
(b)
Ticket Taxes.—
(1)
Persons.— Section 4261(k)(1)(A)(ii) of the Internal Revenue Code of 1986 is amended by striking “ December 31, 2023” and inserting “ March 8, 2024”.
(2)
Property.— Section 4271(d)(1)(A)(ii) of the Internal Revenue Code of 1986 is amended by striking “ December 31, 2023” and inserting “ March 8, 2024”.
(c)
Fractional Ownership Programs.—
(1)
Fuel tax.— Section 4043(d) of the Internal Revenue Code of 1986 is amended by striking “ December 31, 2023” and inserting “ March 8, 2024”.
(2)
Treatment as noncommercial aviation.— Section 4083(b) of the Internal Revenue Code of 1986 is amended by striking “ January 1, 2024” and inserting “ March 9, 2024”.
(3)
Exemption from ticket tax.— Section 4261(j) of the Internal Revenue Code of 1986 is amended by striking “ December 31, 2023” and inserting “ March 8, 2024”.