HR 4206 · 104th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that the amount of the aviation excise taxes for any fiscal year shall equal the expenditures from the Airport and Airway Trust Fund for the prior fiscal year, and for other purposes.

Introduced 1996-09-26· Sponsored by Rep. Lightfoot, Jim [R-IA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E1740-1741)(1996-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) provide that the amount of fiscal year aviation excise taxes shall match Airport and Airway Trust Fund expenditures; (2) require annual aviation tax rate determinations by a specified date; and (3) establish in such Fund an Annual Reserve Account.…

Summarized by Claude AI · Non-partisan · For informational purposes only