Air Transportation Tax Reduction Act of 1979

Air Transportation Tax Reduction Act of 1979 - Amends the Internal Revenue Code to reduce: (1) the general excise tax rate on air transportation of persons in the United States, during the period from October 2, 1979, through June 30, 1980, from eight percent to six percent; and (2) the excise tax on the use of international air travel facilities, during the same period, from $3 to $1.

Reduces the general excise tax rate on air transportation of property during such period from five percent to three percent.