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Federal Jet Fuel Taxes Extended

Congress has approved legislation to maintain the current rates of federal excise tax on aviation gasoline (currently $0.193 per gallon) and aviation fuel sold other than directly into the wing of an aircraft for use in commercial aviation (currently $0.218 per gallon) through July 16, 2016.  They had been sent to expire March 31, 2016.  The legislation to extend the tax rates was signed by the President on March 30, 2016