WASHINGTON — Aviation groups are pushing for airport bonds to be permanently exempted from the alternative minimum tax, arguing that the it impairs airports’ ability to issue bonds to finance construction.

Airport bonds, usually classified as private-activity bonds, are issued to fund construction of runways and other facilities and are often repaid with passenger fee revenues. The AMT, which applies to interest earned on private-activity bonds and some governmental and 501(c)(3) bonds, is a separate tax computation under the Internal Revenue Code that, in effect, eliminates many deductions and credits and creates a tax liability for a wealthy individual who would otherwise pay little or no tax. State and local authorities that issue AMT bonds typically pay higher rates on the debt.

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