A bill to amend the Internal Revenue Code of 1954 to reduce the rates of excise taxes on transportation by air.

Amends the Internal Revenue Code to reduce, between October 1, 1979, and July 1, 1980, the excise tax on the air transportation of persons to six percent. Reduces the tax on transportation of property to three percent. Reduces the $3 tax on the use of international travel facilities to $1.