The Airport and Airway Trust Fund (AATF) provides funding for the federal commitment to the aviation system of the
United States of America
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territo ...
through several aviation-related
excise tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when ...
es.
It was established on the books of the
United States Department of the Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and t ...
in 1971. The existence of an accumulated surplus in the fund has led some to question whether users of the aviation system are receiving their fair share of government spending given the aviation excise taxes they pay.
See also
*
Airport and Airway Development Act of 1970
The Airport and Airway Development Act of 1970 ( Pub.L. 91-258) was a United States federal law passed during the 91st Congress, and signed into law by President Richard Nixon in conjunction with the Airport and Airway Revenue Act on May 21, 1970. ...
References
1971 establishments in the United States
Aviation in the United States
United States Department of the Treasury
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