President Signs Bill Extending Aviation Taxes


On March 30, President Obama signed into law the Federal Aviation Administration Extension Act of 2009, PL 111-12. This act extends the taxes that fund the Airport and Airway Trust Fund through the end of September. The taxes had been scheduled to expire on March 31.

 

Specifically, the fuel excise tax in IRC § 4081 and the air travel taxes in sections 4261 and 4271 are extended through Sept. 30, 2009. The Airport and Airway Trust Fund authority under section 9502 is extended until Oct. 1, 2009.

 

The act also extends the Airport Improvement Program and other expiring authorities under the transportation title of the U.S. Code, title 49.

 

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.