EXTENSION OF TAXES FUNDING AIRPORT AND AIRWAY TRUST FUND.

SEC. 202. EXTENSION OF TAXES FUNDING AIRPORT AND AIRWAY TRUST FUND.(a) Fuel Taxes.—Section 4081(d)(2)(B) of the Internal Revenue Code of 1986 is amended by striking “September 30, 2015” and inserting “March 31, 2016”.(b) Ticket Taxes.—(1) Persons.—Section 4261(k)(1)(A)(ii) of such Code is amended by striking “September 30, 2015” and inserting “March 31, 2016”.(2) Property.—Section 4271(d)(1)(A)(ii) of such Code is amended by striking “September 30, 2015” and inserting “March 31, 2016”.(c) Fractional Ownership Programs.—(1) Treatment as non-commercial aviation.—Section 4083(b) of such Code is amended by striking “October 1, 2015” and inserting “April 1, 2016”.(2) Exemption from ticket taxes.—Section 4261(j) of such Code is amended by striking “September 30, 2015” and inserting “March 31, 2016”.