Airport and Airway Revenue Act of 1982

[AI summary unavailable — showing source text] Airport and Airway Revenue Act of 1981 - Amends the Internal Revenue Code to reinstate through 1983, and revise the rates of, the taxes on fuels used in noncommercial aviation. Reduces the airline ticket tax for individual travel from eight to five percent. Reinstates through 1983, and increases the rate of, the tax on the use of international travel facilities. Reinstates through 1983 the tax on transportation of property by air. Revises the definition of "taxable transportation" to: (1) restore certain air travel, except as applied to transportation of property; (2) alter the determination of whether air travel is "uninterrupted international air transportation;" and (3) authorize the Secretary of the Treasury to waive the "225-mile zone" provisions applicable to travel in Canada or Mexico. Repeals the tax on the use of civil aircraft (terminated October 1, 1980). Revises the manner for showing on airline tickets the amounts paid for transportation and imposed as taxes. Creates a new subtitle I, "Trust Fund Code." Re- establishes in the U.S. Treasury, effective January 1, 1982, the Airport and Airway Trust Fund. Appropriates to the Trust Fund amounts equivalent to the revenues in…