Extension of Taxes and Expenditure Authority Relating to Airport and Airway Trust Fund.

Sec. 116. Extension of Taxes and Expenditure Authority Relating to Airport and Airway Trust Fund. (a) Fuel Taxes.—Subparagraph (B) of section 4081(d)(2) of the Internal Revenue Code of 1986 is amended by striking “September 30, 2007” and inserting “February 29, 2008”.(b) Ticket Taxes.—(1) Persons.—Clause (ii) of section 4261(j)(1)(A) of such Code is amended by striking “September 30, 2007” and inserting “February 29, 2008”.(2) Property.—Clause (ii) of section 4271(d)(1)(A) of such Code is amended by striking “September 30, 2007” and inserting “February 29, 2008”.121 STAT. 2382(c) Airport and Airway Trust Fund Expenditure Authority.—(1) In general.—Paragraph (1) of section 9502(d) of such Code is amended—(A) by striking “October 1, 2007” and inserting “March 1, 2008”, and(B) by inserting “or the Department of Transportation Appropriations Act, 2008” in subparagraph (A) before the semicolon at the end.(2) Conforming amendment.—Paragraph (2) of section 9502(f) of such Code is amended by striking “October 1, 2007” and inserting “March 1, 2008”.(d) Effective Date.—The amendments made by this section shall take effect on October 1, 2007.