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An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Excise Tax

A tax levied on certain goods or services produced or sold within a country, often included in the price of the product. In this case, it's a tax on fuel.

Internal Revenue Code of 1986

The primary body of federal tax law in the United States, which outlines all federal tax provisions, rules, and regulations.

Commercial Aviation

Air transportation services provided by airlines for the public, typically for a fee, using larger aircraft for passenger or cargo transport.

Private Jet

An aircraft used for non-commercial purposes, such as personal or corporate travel, not available to the general public for scheduled flights.

Trust Fund

A special fund in the U.S. Treasury that holds money for a specific purpose, often collected from dedicated taxes or fees, to be spent only on certain programs or activities.

Cost-of-Living Adjustment

An increase in payments or dollar amounts (like a tax rate) designed to offset the effects of inflation, so that the purchasing power remains stable over time.

Fenceline Air Monitoring

Air quality monitoring conducted at the boundary or 'fenceline' of industrial facilities to detect and measure pollutants released into nearby communities.