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[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5270 Introduced in House (IH)]

110th CONGRESS
  2d Session
                                H. R. 5270

 To amend the Internal Revenue Code of 1986 to extend the funding and 
  expenditure authority of the Airport and Airway Trust Fund, and for 
                            other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2008

Mr. Rangel (for himself, Mr. Oberstar, Mr. Mica, Mr. Costello, and Mr. 
    Petri) introduced the following bill; which was referred to the 
   Committee on Ways and Means, and in addition to the Committee on 
  Transportation and Infrastructure, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
 To amend the Internal Revenue Code of 1986 to extend the funding and 
  expenditure authority of the Airport and Airway Trust Fund, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Airport and Airway Extension Act of 
2008''.

SEC. 2. EXTENSION OF TAXES FUNDING AIRPORT AND AIRWAY TRUST FUND.

    (a) Fuel Taxes.--Subparagraph (B) of section 4081(d)(2) of the 
Internal Revenue Code of 1986 is amended by striking ``February 29, 
2008'' and inserting ``June 30, 2008''.
    (b) Ticket Taxes.--
            (1) Persons.--Clause (ii) of section 4261(j)(1)(A) of such 
        Code is amended by striking ``February 29, 2008'' and inserting 
        ``June 30, 2008''.
            (2) Property.--Clause (ii) of section 4271(d)(1)(A) of such 
        Code is amended by striking ``February 29, 2008'' and inserting 
        ``June 30, 2008''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on March 1, 2008.

SEC. 3. EXTENSION OF AIRPORT AND AIRWAY TRUST FUND EXPENDITURE 
              AUTHORITY.

    (a) In General.--Paragraph (1) of section 9502(d) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``March 1, 2008'' and inserting ``July 1, 
        2008'', and
            (2) by inserting ``or the Airport and Airway Extension Act 
        of 2008'' before the semicolon at the end of subparagraph (A).
    (b) Conforming Amendment.--Paragraph (2) of section 9502(f) of such 
Code is amended by striking ``March 1, 2008'' and inserting ``July 1, 
2008''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on March 1, 2008.

SEC. 4. EXTENSION OF AIRPORT IMPROVEMENT PROGRAM AND OTHER AUTHORITIES.

    (a) Authorization of Appropriations.--
            (1) In general.--Section 48103 of title 49, United States 
        Code, is amended--
                    (A) by striking ``and'' at the end of paragraph 
                (3);
                    (B) by striking the period at the end of paragraph 
                (4) and inserting ``; and''; and
                    (C) by inserting after paragraph (4) the following:
            ``(5) $2,756,250,000 for the 9-month period beginning 
        October 1, 2007.''.
            (2) Obligation of amounts.--Sums made available pursuant to 
        the amendment made by paragraph (1) may be obligated at any 
        time through September 30, 2008, and shall remain available 
        until expended.
            (3) Program implementation.--For purposes of calculating 
        funding apportionments and meeting other requirements under 
        sections 47114, 47115, 47116, and 47117 of title 49, United 
        States Code, for the 9-month period beginning October 1, 2007, 
        the Administrator of the Federal Aviation Administration 
        shall--
                    (A) first calculate such funding apportionments on 
                an annualized basis as if the total amount available 
                under section 48103 of such title for fiscal year 2008 
                were $3,675,000,000; and
                    (B) then reduce by 25 percent--
                            (i) all funding apportionments calculated 
                        under subparagraph (A); and
                            (ii) amounts available pursuant to sections 
                        47117(b) and 47117(f)(2) of such title.
    (b) Project Grant Authority.--Section 47104(c) of such title is 
amended by striking ``September 30, 2007,'' and inserting ``June 30, 
2008,''.
    (c) Government Share of Certain AIP Costs.--Section 161 of the 
Vision 100--Century of Aviation Reauthorization Act (49 U.S.C. 47109 
note) is amended by striking ``in each of fiscal years 2004 through 
2007'' and inserting ``in fiscal year 2008 before July 1, 2008,''.
    (d) Adjustment Authority.--
            (1) In general.--Section 409(d) of such Act (49 U.S.C. 
        40101 note) is amended by striking ``2007.'' and inserting 
        ``2008.''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall take effect on September 29, 2007, and shall apply with 
        respect to any final order issued under section 409(c) of such 
        Act that was in effect on such date.
    (e) Airport Eligibility.--The first sentence of section 186(d) of 
such Act (117 Stat. 2518) is amended by inserting ``and for the portion 
of fiscal year 2008 ending before July 1, 2008,'' after ``2007,''.
                                 <all>
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