House Passes Airport and Airway Extension Act

On May 23, the House of Representatives by voice vote approved H.R. 1893, the “Airport and Airway Extension Act of 2011, Part II.” Among other things, the bill would amend the Code to extend through June 30, 2011, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Airport and Airway Trust Fund. It also would increase the authorization of appropriations for the nine-month period beginning on Oct. 1, 2010, for airport planning and development and noise compatibility planning projects.