Highway Reauthorization Tax Act of 2005

The Highway Reauthorization Tax Act of 2005 (H.R. 996) extends the federal taxes and funding mechanisms that pay for the nation’s transportation infrastructure through fiscal year 2011. It continues the collection of excise taxes on gasoline, diesel, tires, and heavy vehicles to ensure the Highway Trust Fund remains financed for road repairs and mass transit projects. For the average citizen, this bill maintains the status quo for fuel prices at the pump while securing the federal budget used to build and maintain highways, bridges, and public transportation systems. Additionally, the bill adjusts tax rates for aviation jet fuel and updates registration requirements for fuel users to improve tax compliance.