Wednesday, August 10, 2011

IRS will not go after airline fare hikes

The government does not plan to go after more than $400 million in airline revenue from fare increases that were facilitated by a two-week ticket-tax holiday resulting from a congressional dispute over aviation funding.

The ticket tax, which amounts to about $30 million per day in receipts, funds a federal trust account the FAA uses to help pay its bills.

No comments:

Post a Comment