Airport and Airway Revenue Act of 1981

Summary

Airport and Airway Revenue Act of 1981 - Amends the Internal Revenue Code to reinstate, and revise the rates of, the taxes on fuel used in noncommercial aviation. Reduces the airline ticket tax for individual travel from eight to six and one half percent. Reinstates the tax on the use of international travel facilities and the tax on transportation of property by air. Amends the Airport and Airway Revenue Act of 1970 to continue the transfer of taxes to the Airport and Airway Trust Fund beyond June 30, 1981. Extends, beyond June 30, 1981, the availability of Trust Fund assets for specified expenditures.

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Timeline

1. 29 April 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 29 April 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 5 May 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department; Transportation Department; Energy Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 April 1981

  Open at official source

Sponsors

• Sen. Packwood, Bob [R-OR] · R · Sponsor
• · ssfi00 · Standing

Related records

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