Aviation Fuel Tax Simplification Act

Aviation Fuel Tax Simplification Act - Amends the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users to suspend until after September 30, 2007, certain provisions relating to the taxation of aviation kerosene.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 2666 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 2666

To temporarily suspend the revised tax treatment of kerosene for use in 
       aviation under the Safe, Accountable, Flexible, Efficient 
             Transportation Equity Act: A Legacy for Users.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 27, 2006

   Mr. Burns introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To temporarily suspend the revised tax treatment of kerosene for use in 
       aviation under the Safe, Accountable, Flexible, Efficient 
             Transportation Equity Act: A Legacy for Users.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Aviation Fuel Tax Simplification 
Act''.

SEC. 2. SUSPENSION OF TAX TREATMENT OF AVIATION KEROSENE UNDER SAFETEA-
              LU.

    (a) In General.--Section 11161(e) of the Safe, Accountable, 
Flexible, Efficient Transportation Equity Act: A Legacy for Users is 
amended by inserting ``, and before the date of the enactment of the 
Aviation Fuel Tax Simplification Act, and after September 30, 2007'' 
after ``September 20, 2005''.
    (b) Conforming Amendment.--Section 9503(c)(7) of the Internal 
Revenue Code of 1986 is amended by inserting ``and before the date of 
the enactment of the Aviation Fuel Tax Simplification Act, and on or 
after October 1, 2007,'' after ``October 1, 2005,''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
    (d) Floor Stock Refunds.--The Secretary of the Treasury shall 
provide under rules similar to the rules under section 6412 of the 
Internal Revenue Code of 1986 for such floor stocks refunds as are 
necessary as a result of the amendments made by this section.
                                 <all>