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1 Alan Cole, Improving Airport Funding to Meet the Needs of Passengers 1 (2015)

handle is hein.taxfoundation/imaiptfun0001 and id is 1 raw text is: TAXS FOUNDATION Improving Airport Funding to Meet the FISCAL Needs of Passengers FACT FACT By Alan Cole May 2015 No. 466 Economist Key Findings In the United States, a variety of taxes and fees on passenger air tickets help fund airport infrastructure. The major federal taxes on passenger air travel raised $12.05 billion for the Airport and Airway Trust Fund in 2013. This trust fund allows the Federal Aviation Administration to fund infrastructure through the Airport Improvement Program. Reliance on Airport Improvement Program spending is cumbersome and inefficient for airports that could be paying for the costs of their own improvements. The Passenger Facility Charge, an optional fee levied by and remitted to airports, also funds airport infrastructure. It has been capped at a maximum value of $4.50 per trip for fifteen years, and it has lost much of its value to inflation. The Passenger Facility Charge is the most market-based solution for airport funding, reducing reliance on federal taxes and allowing local communities to make informed cost-benefit analyses. The outdated federal cap on the Passenger Facility Charge should be raised and indexed to inflation. Alternatively, the upper limit on user fees could be set entirely at the local level. The Tax Foundation is a 501(c)(3) non partisan, non profit research institution founded in 1937 to educate the public on tax policy. Based in Washington, D.C., our economic and policy analysis is guided by the principles of sound tax policy: simplicity, neutrality, transparency, and stability. ©2015 Tax Foundation Distributed under Creative Commons CC BY NC 4.0 Editor, Melodie Bowler Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org

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