H.R. 3539 would amend the Internal Revenue Code of 1986 to extend financing for the Airport and Airway Trust Fund.

== Detailed Summary ==

<summary>
(Log inAirport and Airway Trust Fund Financing Act of 2007 - Amends the Internal Revenue Code to edit(1) impose an excise tax on aviation-grade kerosene of 35.9 cents per gallon (4.3 cents per gallon for commercial aviation uses); (2) increase to 24.1 cents per gallon the wikitax rate for aviation gasoline; and be(3) extend through FY2011 the first to provide a detailed summaryexcise tax on the transportation by air of persons and property and the bill!)excise tax on aviation gasoline and aviation-grade kerosene.

Extends through FY2011 the expenditure authority for the Airport and Airway Trust Fund.

Dedicates revenues from the taxes imposed on aviation gasoline and aviation-grade kerosene to carry out air traffic control modernization.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 9/18/2007:3/10/2008: House committee/subcommittee actions. Status: OrderedOn September 29, 2007, House Agreement to H.Res. 664 added text similar H.R. 3539 to be Reported (Amended) by Voice Vote.H.R. 2881, The FAA Reauthourization Act of 2007..
</status>

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== Points in Favor ==

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== Points Against ==

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