US Codex
Pub. L.
Notes

Title XIII — Revenue Provisions

118th Congress · Approved May 16, 2024 · 138 Stat. 1025 · Lineage

TITLE XIII Revenue Provisions

SEC. 1301. 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 “ May 11, 2024” and inserting “ October 1, 2028”; and
(2)
in subparagraph (A) by striking the semicolon at the end and inserting “ or the FAA Reauthorization Act of 2024;”.
(b)
Conforming Amendment.— Section 9502(e)(2) of such Code is amended by striking “ May 11, 2024” and inserting “ October 1, 2028”.

SEC. 1302. 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 “ May 10, 2024” and inserting “ September 30, 2028”.
(b)
Ticket Taxes.—
(1)
Persons.— Section 4261(k)(1)(A)(ii) of the Internal Revenue Code of 1986 is amended by striking “ May 10, 2024” and inserting “ September 30, 2028”.
(2)
Property.— Section 4271(d)(1)(A)(ii) of the Internal Revenue Code of 1986 is amended by striking “ May 10, 2024” and inserting “ September 30, 2028”.
(c)
Fractional Ownership Programs.—
(1)
Fuel tax.— Section 4043(d) of the Internal Revenue Code of 1986 is amended by striking “ May 10, 2024” and inserting “ September 30, 2028”.
(2)
Treatment as noncommercial aviation.— Section 4083(b) of the Internal Revenue Code of 1986 is amended by striking “ May 11, 2024” and inserting “ October 1, 2028”.
(3)
Exemption from ticket tax.— Section 4261(j) of the Internal Revenue Code of 1986 is amended by striking “ May 10, 2024” and inserting “ September 30, 2028”.