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Excise taxes and the airport and airway trust fund, 1970-2002.
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Federal receipts from aviation-related excise taxes for the Airport and Airway Trust Fund reached a level of $9.1 billion for Fiscal Year (FY) 2002. The FY 2002 receipts represented 13.1 percent of all excise taxes as compared to 3.3 percent for FY 1971 [1]. The Airport and Airway Trust Fund excise taxes were a reliable source of revenue for the Nation's aviation systems during the latter part of the 20th century. Receipts from these taxes continue to be the major source of revenue for the Federal Aviation Administration (FAA).
Legislative History
In 1970, Congress passed ...
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Excise taxes and the airport and airway trust fund, 1970-2002.(This Issue at a Glance)(Brief Article)
Magazine article from: Statistics of Income. SOI Bulletin
; The Airport and Airway Trust Fund instituted on July 1...terminating the Aviation Trust Fund in 1980, then recreating...were made in 1990, and excise tax transfers into the Aviation Trust Fund were terminated in 1996...from aviation-related excise taxes from $564 ...
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Report Finds Trust Fund Faces $4 Bln. Deficit Before Expiration of Current Highway Law
Magazine article from: Transport Topics
; ...expects the Highway Trust Fund to slide into a multibillion-doll...estimates that Highway Trust Fund finances have deteriorated...before," he said of the trust fund's going into deficit...highways within the trust fund would be $200 million...situation with the ...
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HIGHWAY TRUST FUND REVENUE ESTIMATES:ROBERT CARROLL
Transcript from: Congressional Testimony
; ...highway-related excise taxes, reflecting the...of the Highway Trust Fund depends on both...to the Highway Trust Fund Highway-related excise taxes are deposited to the Highway Trust Fund and other trust...to the Highway Trust Fund and ...
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FINANCIAL CONDITION OF THE AVIATION TRUST FUND:PHIL BOYER
Transcript from: Congressional Testimony
; ...pay for the aviation excise taxes out of their own pockets...Airport and Airway Trust Fund, known as the Aviation...Financial Condition of the Trust Fund,`` I`ll start by reporting...into the Aviation Trust Fund to grow from the...conclude that the Trust ...
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INTRODUCTION: Airport and Airway Trust Fund
Magazine article from: Treasury Bulletin
; ...Airport and Airway Trust Fund was established...reestablished the trust fund in the Internal...general fund to the trust fund amounts equivalent...increased rates for the excise taxes transferred to the...extended the aviation excise taxes for 10 years, ...
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CBO Sees $37 Bln. in '05 Excise Taxes As Some Criticize Road Fund Diversions
Magazine article from: Transport Topics
; ...37 billion in federal highway excise taxes in fiscal 2005, the Congressional...total allocated from the Highway Trust Fund, while most of the rest went to...said that it expected highway excise taxes to increase to $52 billion by...
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FINANCIAL CONDITION OF THE AVIATION TRUST FUND:JAMES C. MAY
Transcript from: Congressional Testimony
; ...Fund - How We Got Here For too long, the Trust Fund has been viewed as a bottomless pot of money...on commercial aviation. To an extent, the Trust Fund is suffering not so much from a lack of...wants his slice, and over the years the Trust Fund has been carved up to the point ...
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HIGHWAY TRUST FUND REVENUE ESTIMATES:KATHERINE SIGGERUD
Transcript from: Congressional Testimony
; ...estimates of Highway Trust Fund receipts are used...adjustments to the Highway Trust Fund balance, and DOT...distributing Highway Trust Fund moneys is summarized...into the Highway Trust Fund, determining how...available in the Highway Trust Fund for ...
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Hooks in Fishermen's Bonanza;Interior Is Angling for Trust Fund Fees From the States
Newspaper article from: The Washington Post
; ...proposal to transfer $25 million in fiscal 1988 from a trust fund fed by special excise taxes on fishing gear and boat fuel to the basic operating...The money would come from the so-called Wallop-Breaux trust fund, set up by Congress in 1984 to collect tax revenue for...amendments, ...
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Introduction: Airport and airway trust fund
Magazine article from: Treasury Bulletin
; The Airport and Airway Trust Fund was established on the...1982), reestablished the trust fund in the Internal Revenue...the general fund to the Trust Fund amounts equivalent to the...increased rates for the excise taxes transferred to the fund...extended the aviation ...
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