TITLE

Airlines' Plan to Suspend Ticket Tax Faces Skeptical Lawmakers

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/25/2003, Vol. 343 Issue 31600, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Lawmakers are apprehensive regarding an airline industry proposal to suspend the passenger ticket tax for one year in an effort to invigorate the nation's financially troubled air carriers, according to congressional aides. The proposal is “ going to be a difficult road to go ” said Sam Whitehorn, senior counsel to the Senate Commerce, Science, and Transportation Committee's aviation subcommittee, after addressing a meeting of the Airports Council International North America and the American Association of Airport Executives. Airport operators are concerned that a yearlong airline ticket tax moratorium would significantly reduce revenue going into the aviation trust fund — money, funded by the ticket tax and other fees, that is sometimes used to back tax-exempt bonds issued by airports to finance improvement and expansion projects. One way to make the tax relief proposal work would be to have the federal government pay an amount equal to the tax from the general fund.
ACCESSION #
9440090

 

Related Articles

  • Entertainment Use of Business Aircraft. Jackson, Kent S. // Business & Commercial Aviation;Sep2007, Vol. 101 Issue 3, p112 

    The article presents information on the regulations proposed by the U.S. Internal Revenue Service regarding tax deduction on the entertainment use of business aircraft. A company loses deductions for entertainment flights by specified individuals. Entertainment flights include flights for...

  • End Of The Runway? Unnikrishnan, Madhu // Aviation Week & Space Technology;1/18/2010, Vol. 172 Issue 3, p37 

    The article reports that a tax exemption that helped revive funding for airport infrastructure projects will end if the U.S. Congress decided not to extend a critical tax break. A tax exemption on airport bonds allowed the country's airports to raise billions of dollars for upgrades and...

  • Pending tax bill offers dismal prospect for big airports. Eurich, Heather J. // Bond Buyer;07/22/97, Vol. 321 Issue 30192, p4 

    Focuses on a pending tax bill aimed to increase aviation taxes in the United States. Potential effects of the proposal to airlines; Changes proposed in airline ticket taxes; Limitations of the proposal's ability to help airports.

  • Ticket tax restoration likely; fare action up in the air. Edleson, Harriet // Travel Agent;02/10/97, Vol. 285 Issue 2, p136 

    Examines the proposed renewal of the ten-percent airline ticket tax in the United States. Expiration of the tax on December 31, 1996; Use of the ticket tax to help fund the aviation trust fund; Call for airlines not to raise air ticket prices when the excise tax is reinstated; Coalition for...

  • Counter-Merger Bill Draws Mixed Reviews. Mann, Paul // Aviation Week & Space Technology;3/26/2001, Vol. 154 Issue 13, p48 

    Presents reactions to a proposed bill requiring major airlines to divest take-off and landing slots at high-density airports in the United States. Assessment of the bill by lawmakers; Support from short-haul and medium-sized airlines and business flyers; Opposition from United Airlines.

  • MARKET FOCUS. Velocci Jr., Anthony L. // Aviation Week & Space Technology;5/13/2002, Vol. 156 Issue 19, p12 

    Reports issues related to the air transportation industry in the U.S. Company operation on stock prices; Management scheme on the aviation suppliers; Volatility of oil prices.

  • 1999: The year for aviation? Ruane, Pete // Roads & Bridges;Mar99, Vol. 37 Issue 3, p18 

    Focuses on the Airport Improvement Program (API) in the United States. Passage of a six-month extension of the AIP; Economic benefits; Growth in the balance of the Airport and Airway Trust Fund; Effects of underinvestment in air transport system; Role of AIP in maintaining the efficiency of the...

  • Naughty or nice, express carriers prepare to reap largest holiday windfall in memory. Page, Paul // Traffic World;11/28/94, Vol. 240 Issue 9, p19 

    Reports on the positive effect of the 1994 holiday season on the air express industry in the United States. Traffic brought on by the seasonal push; Growth for many air express carriers as a result of the surging economy; Reason for the weight of seasonal push on the air carriers' finances;...

  • The law of airline subsidies and incentives in the USA: Recent developments and future outlook. REIMER, DANIEL S. // Journal of Airport Management;Apr-Jun2010, Vol. 4 Issue 3, p291 

    The financial challenges facing the aviation industry have brought uncertainty about many routes flown by commercial carriers. Some carriers have ceased operating altogether, and legacy and low-cost carriers alike have eliminated low-yield and unprofitable routes. In some cases, service...

  • Revocation and Modification of Multiple Domestic, Alaskan, and Hawaiian Compulsory Reporting Points. Norek, Gary A. // Federal Register (National Archives & Records Service, Office of;7/10/2012, Vol. 77 Issue 132, p40490 

    The article presents a final rule for domestic, Alaskan, and Hawaiian compulsory reporting points. It states that the final rule indicates the removal of 18 Alaskan and domestic compulsory reporting points under navigation aids or taken out of the U.S. Federal Aviation Administration (FAA). It...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics