Us Congress 2023-2024 Regular Session

Us Congress House Bill HB4760

Introduced
7/19/23  
Refer
7/19/23  
Refer
7/20/23  

Caption

Fueling Alternative Transportation with a Carbon Aviation Tax Act of 2023

Impact

The passage of HB 4760 is expected to have notable implications for federal tax laws, particularly in how fuel for non-commercial aviation is taxed. The increased revenue generated from these excise taxes is earmarked for the establishment of the 'Funding to Support Clean Communities Trust Fund.' This fund is designed to support clean air initiatives and improvements in public transportation, particularly in communities disproportionately impacted by air pollution. Consequently, the legislation aims to address environmental concerns while simultaneously enhancing transportation infrastructure.

Summary

House Bill 4760, also known as the Fueling Alternative Transportation with a Carbon Aviation Tax Act of 2023, seeks to amend the Internal Revenue Code of 1986 by increasing excise taxes on fuel used by private jets. This bill introduces a new financial structure aimed at enhancing federal revenue while targeting greenhouse gas emissions associated with luxury air travel. Under the proposed changes, the tax for non-commercial aviation fuel would increase significantly, with the intent of redistributing these funds to support environmentally beneficial initiatives.

Contention

Despite its environmental goals, HB 4760 may face significant opposition. Critics argue that increasing taxes on private jets could impact the affluent individuals who own and operate these aircraft, leading to claims of unfair financial burden on a sector of the population already contributing to high levels of carbon emissions. Additionally, concerns have been raised regarding the efficiency and allocation of the funding derived from these taxes, with some stakeholders questioning whether the provisions will effectively target the communities most in need of environmental justice initiatives.

Companion Bills

US SB2378

Same As Fueling Alternative Transportation with a Carbon Aviation Tax Act of 2023

Previously Filed As

US SB2378

Fueling Alternative Transportation with a Carbon Aviation Tax Act of 2023

US SB173

Fueling Alternative Transportation with a Carbon Aviation Tax Act of 2025

US HB2932

CLEAR Skies Act Cutting Lead Exposure and Aviation Relief Skies Act

US HB1594

Sustainable Aviation Fuel Act

US HB2747

Sustainable Aviation Fuel Act

US SB2007

Relating To A Carbon Tax On Aviation Fuel.

US HB1639

Relating To A Carbon Tax On Aviation Fuel.

US H1485

Tax On Aviation Fuel

US HB6665

MARKET CHOICE Act Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act

US HB5715

Tobacco Tax Equity Act of 2023

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