Airport And Airway Extension Act Ready For President's Signature

On June 27, the Senate by unanimous consent approved H.R. 2279, the “Airport and Airway Extension Act of 2011, Part III.” Since the House had earlier passed the measure, it is now cleared for the President's signature. Among other things, the bill amends the Code to extend through July 22, 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 increases the authorization of appropriations for the period beginning on Oct. 1, 2010, and ending on July 22, 2011, for airport planning and development and noise compatibility planning projects.