25-Mar-2010 9:53 AM

ACI-NA commends House for tax relief extension

Airports Council InternationalNorth America (ACI-NA) applauded (24-Mar-2010) the US House of Representatives passage of HR 4849, the Small Business and Infrastructure Jobs Tax Act of 2010, that includes a provision extending the Alternative Minimum Tax (AMT) relief for private activity bonds (PABs) provided in the American Recovery and Reinvestment Act (ARRA) through 2011. [more]

Airports Council International – North America: Airports serve as a true testimony to how this provision has made a significant difference in the bond market. Airports have sold almost $10 billion in bonds since the passage of the stimulus in 2009. This has had a phenomenal impact on airports, benefiting passengers and the economy as airports are now equipped to fund important safety and security projects and in doing so have created thousands of jobs.” Greg Principato, ACI-NA President. Source: ACI-NA, 24-Mar-2010.

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