The following links provide the legislative foundation for the establishment and use of the Trust Fund.
From September 2007 until February 2012 federal aviation program authorities and Trust Fund revenue collections continued under 23 short-term legislative extensions.
(Note: The authority to collect Trust Fund revenue lapsed on July 23, 2011. On August 5, 2011, Congress passed an extension of the FAA authorization, which retroactively re-instated the excise tax from July 23, 2011. However, the Internal Revenue Service did not retroactively collect the tax since it was not collected and paid during the lapse period. Estimates indicate that this lapse in the authority to collect the aviation excise taxes reduced FY 2011 Trust Fund tax revenues by about $400 million.)
Page Last Modified: 09/11/12 14:20 EDT
This page can be viewed online at: http://www.faa.gov/about/office_org/headquarters_offices/apl/aatf/legislative_history/