3-YEAR EXTENSION OF AVIATION-RELATED TAXES.

SEC. 402. 3-YEAR EXTENSION OF AVIATION-RELATED TAXES. (a) In General.— The following provisions of the Internal Revenue Code of 1986 are each amended by striking out “January 1, 1988” each place it appears and inserting in lieu thereof “January 1, 1991”: (1) Section 4261(0 (relating to transportation of persons by air). (2) Section 4271(d) (relating to transportation of property by air). (3) Section 9502(b) (relating to transfer to Airport and Airway Trust Fund of amounts equivalent to certain taxes). (b) Fuel Used in Noncommercial Aviation.— Paragraph (5) of section 4041(c) of such Code (relating to noncommercial aviation) is amended by striking out “December 31, 1987” and inserting in lieu thereof “December 31, 1990”.