Bill Seeks Raise Business Jet Fuel Tax by Almost 9x
U.S. Senator Edward J. Markey (Democrat, Massachusetts), a member of the Senate Commerce, Science, and Transportation Committee, and Congresswoman Nydia Velázquez (New York, 7th District) announced that they’d introduced a bill titled The Fueling Alternative Transportation with a Carbon Aviation Tax (FATCAT) Act. In addition to increasing the fuel taxes currently paid by owners and operators of business jets from $0.22 to a staggering $1.95-per-gallon, subject legislation, if ratified, will eliminate extant fuel tax exemptions for logging and petroleum exploration.