President Signs Airport/Airway Trust Fund Extension Bill into Law
On May 31, 2011, the President signed into law H.R. 1893, a bill to amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund (including a one month extension…
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of the tax on domestic air cargo (freight) transportation), to amend title 49 U.S. Code, to extend the airport improvement program (Public Law 112-1893). According to the House Transportation and Infrastructure Committee, H.R. 1893 is a short term extension to give Congress an opportunity to consider final long-term legislation.