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

== Detailed Summary ==

<summary>
Airport and Airway Trust Fund Financing Act of 2007 - Amends the Internal Revenue Code to:to (1) impose an excise tax on aviation-grade kerosene;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 tax rate for aviation gasoline; and (3) extend through FY2011 the excise taxestax on the transportation by air of persons and property and the excise tax on aviation gasoline and aviation-grade kerosene; (4) extendkerosene.

Extends through FY2011 the expenditure authority for the Airport and Airway Trust Fund; and (5) dedicate increasedFund.

Dedicates revenues resulting from this Actthe 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: 9/19/2007: Placed on the Union Calendar, Calendar No. 207.3/10/2008: House committee/subcommittee actions. Status: On September 29, 2007, House Agreement to H.Res. 664 added text similar H.R. 3539 to 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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