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FY 2020 Excise Tax: Agreed-Upon Procedures Related to Distributions to Trust Funds

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Report Type Reports and Testimonies
Report Date Nov. 6, 2020
Release Date Nov. 6, 2020
Report No. GAO-21-163R
Summary:

The Airport and Airway and the Highway Trust Funds are the main funding sources for federal aviation and ground transportation programs. User taxes on airline tickets, aviation fuel, tires, and gasoline are their primary source of funding. The IRS is responsible for collecting those taxes and certifying the amounts distributed to the trust funds.

We performed certain procedures that the Department of Transportation Office of Inspector General requested on the tax revenue IRS collected and certified to the trust funds to assist the OIG in auditing DOT's financial statements. We make no overall conclusion on the results of those procedures.

A person examines a financial statement with a magnifying glass.

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