Airport and airway trust fund
Airport and Airway Trust Fund: Less Than Half of Noncommercial Jet Fuel Tax Receipts Are Transferred by U.S. Government Accountability Office
Airport and Airway Trust Fund -- Income Statement
This report discusses the reauthorization of excise tax revenues for the airport and airway trust fund, which has been a contentious issue for the last two years. The issue, somewhat unexpectedly, became an element of the tax plans embedded in House and Senate FY budget reconciliation proposals. The House proposed a major structural change in how aviation taxes would be imposed. Fischer, John W. August 12, More information about this report can be viewed below.
Use the link below to share a full-text version of this article with your friends and colleagues. Learn more. Despite calls for increased outlays from the Airport and Airway Trust Fund to help finance improvements in the nation's air transportation system, the fund's surplus continued to grow during the Reagan years. It becomes readily apparent, when the issues surrounding the trust fund and its surplus are analyzed, that placing the blame solely on deficit considerations is too simplistic. Instead, partisan politics, the congressional budget process, delays in technology development, and budget pressures are responsible for the growing surplus.
Washington, D. Thousands of FAA safety personnel responsible for providing critical oversight of the U. Our 14, air traffic controllers, and thousands of aviation safety and security professionals worked without pay. The effects of this most recent shutdown will be felt for years to come. This must not happen again. Our legislation ensures that in any future government shutdowns, all FAA programs will function uninterrupted and that all FAA employees can remain at work and paid.
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Established in , the Airport and Airway Trust Fund, also known as the Aviation Trust Fund, helps finance the Federal Aviation Administration's FAA investments in the airport and airway system, such as construction and safety improvements at airports and technological upgrades to the air traffic control system, as well as FAA operations, such as providing air traffic control and conducting safety inspections. The authority to collect aviation excise taxes and to spend from the Aviation Trust Fund must be reauthorized periodically, most recently in the FAA Reauthorization Act of , which was enacted on October 5, If the FAA 's authorization were to expire without an extension, then the agency would be unable to spend any revenues allocated from the Trust Fund. Currently, the Trust Fund may cover both capital and operating costs. The Trust Fund also provided about The remainder of the Operations Account is funded by the General Fund revenues. The Trust Fund provides the primary source of funding for FAA and receives revenues principally from a variety of excise taxes paid by users of the national airspace system.
The aviation trust fund provides grants to public agencies — and, in some cases, to private owners and entities — for the planning and development of public-use airports that are included in the National Plan of Integrated Airport Systems NPIAS. The AIP is paid for by the Airport and Airway Trust Fund, which is primarily supported by excise taxes on passenger tickets as well as cargo and fuel taxes. The airport will replace the outdated taxiway lights with LED lights and put wiring that is currently buried into conduit. The Airport and Airway Trust Fund was established in to provide a dedicated source of funding for the U. AIP grants can be used for up to 75 percent of eligible costs at large and medium airports and up to 95 percent of eligible costs at small and general aviation airports. Eligible projects include improvements related to airport safety, capacity, security and environmental concerns. AIP funds are available for most airfield capital improvement projects if the FAA determines the projects are justified based on civil aeronautical demand.