This bill significantly increases federal excise taxes on private jet fuel while leaving commercial aviation taxes unchanged. Starting January 1, 2024, the tax on fuel used in private aviation would jump to $1.589 per gallon plus 35.9 cents per gallon, while commercial aviation fuel would remain taxed at 4.3 cents per gallon. The private jet fuel tax would automatically adjust annually for inflation after 2024. The bill creates a new "Funding to Support Clean Communities Trust Fund" that would receive all revenue from the increased private jet fuel taxes, with those funds directed toward air quality monitoring, public transit infrastructure near airports, and bus service improvements, with at least 50 percent of the funding prioritized for environmental justice communities disproportionately impacted by air pollution. Limited exceptions allow the Treasury Secretary to refund the tax increase in cases of reasonable cause, such as scientific research, disaster evacuations, or medical emergencies, though this exception expires after January 1, 2026.
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