Excise Taxes: Use of Safe Harbor Look-Back Rules
GGD-97-175R
Published: Sep 25, 1997. Publicly Released: Sep 25, 1997.
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Highlights
Pursuant to a congressional request, GAO reviewed problems with the transfer of excise tax receipts to the Airport and Airway Trust Fund, resulting from airlines' use of regulatory safe-harbor look-back rules to delay deposits, focusing on whether those rules could cause similar problems with the crediting of other excise taxes.
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Airline regulationDeposit fundsExcise taxesFederal taxesFiscal policiesFunds managementTrust fundsTaxesAviationFirearms