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IRS Announces 2008 Excise Tax Adjustments For Air Transportation

by Mike Godfrey, Tax-News.com, Washington

31 December 2007

The Internal Revenue Service (IRS) on Thursday announced the 2008 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 Consolidated Appropriations Act, 2008, signed into law on December 26, 2007, extends these excise taxes to air transportation that begins or is paid for no later than February 29, 2009.

These excise taxes are adjusted annually for inflation. For 2008, the excise tax on the domestic segment of taxable air transportation is $3.50. The excise tax for 2008 for international flights that begin or end in the United States is $15.40.

The tax on use of international air facilities also applies at a reduced rate to departures of interstate flights that begin or end in Alaska or Hawaii. For 2008, the international air facilities tax on these flights is $7.70.

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