Amends the Internal Revenue Code to extend the authority to impose: (1) the tax on noncommercial aviation fuel and the tax on civil aircraft use from July 1, 1980, to October 1, 1980; and (2) the taxes on air transportation of persons and property from June 30, 1980, to September 30, 1980.
Reduces the civil aircraft use tax rate for the transitional period of July 1, 1980 through October 1, 1980: (1) from $25 to $6.25 plus; (2) one-half cent per pound (currently two cents per pound) of the maximum certificated takeoff weight in excess of 2,500 pounds in the case of an aircraft which is not turbine- engine-powered; or (3) seven-eighths cent per pound (currently, three-and-one-half cents per pound) for each pound of the maximum certificated takeoff weight in the case of a turbine-engine-powered aircraft.
Postpones the due date for filing any return of the civil aircraft use tax with respect to any use after June 30, 1980, until October 31, 1980.
Amends the Airport and Airway Revenue Act of 1970 to extend the Airport and Airway Trust Fund from July 1, 1980, to October 1, 1980.
Measure considered in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended, roll call #337 (394-20).
Roll Call #337 (House)Measure passed House, amended, roll call #337 (394-20).
Roll Call #337 (House)Referred to Senate Committee on Finance.
Committee on Finance discharged in Senate.
Committee on Finance discharged in Senate.
Placed on calendar in Senate.
Measure called up by unanimous consent in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate.
Measure passed Senate.
Enacted as Public Law 96-298
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
Measure enrolled in House.
Measure enrolled in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public Law 96-298.
Public Law 96-298.