The US Internal Revenue Service has announced 2010 inflation adjustments to the excise taxes on air transportation.
Excise taxes apply to the domestic segments of taxable air transportation and to the use of international air facilities. The Fiscal Year 2010 Federal Aviation Administration Extension Act, Part II, signed into law on December 16, 2009, extends these excise taxes to air transportation that begins or is paid for no later than March 31, 2010.
These excise taxes are adjusted annually for inflation, and for 2010 are as follows:
Further details on the excise taxes on air transportation can be found in Form 720, Quarterly Excise Tax Return, and its instructions.
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