A bill to amend the Internal Revenue Code of 1954 to provide that the excise taxes providing revenues for the Airport and Airway Trust Fund shall not apply if the unobligated balance in such Fund exceeds $1,000,000,000.

Amends the Internal Revenue Code to suspend during a specified period of time the excise taxes on: (1) aviation fuel; (2) aircraft tires; (3) gasoline used in aircraft; and (4) air transportation. Provides that such taxes shall be suspended during a time when the unobligated balance in the Airport and Airway Trust fund exceeds $1,000,000,000.