Bill
Bill > S321
US S321
A bill to amend the Internal Revenue Code of 1986 to exempt amounts paid for aircraft management services from the excise taxes imposed on transportation by air.
summary
Introduced
02/07/2017
02/07/2017
In Committee
02/07/2017
02/07/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to exempt amounts paid for aircraft management services from the excise taxes imposed on transportation by air. This bill amends the Internal Revenue Code to exempt from the excise tax on transportation of persons and property by air amounts paid by an aircraft owner or lessee for aircraft management services related to maintenance and support of the aircraft or flights on such aircraft. Aircraft management services include assisting an aircraft owner with administrative and support services; obtaining insurance; maintenance, storage and fueling of aircraft; hiring, training, and provision of pilots and crew; establishing and complying with safety standards; or other services necessary to support flights operated by an aircraft owner.
AI Summary
This bill amends the Internal Revenue Code to exempt from the excise tax on transportation of persons and property by air the amounts paid by an aircraft owner or lessee for aircraft management services. These services include administrative and support tasks like scheduling, obtaining insurance, maintaining and fueling the aircraft, hiring and training pilots and crew, and establishing safety standards. The exemption applies to amounts paid for services related to the maintenance and support of the owner's aircraft, as well as flights on the owner's aircraft. The bill also clarifies that a lessee of an aircraft, other than under a short-term "disqualified lease," is treated as the aircraft owner for the purposes of this exemption.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read twice and referred to the Committee on Finance. (on 02/07/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/321/all-info |
| BillText | https://www.congress.gov/115/bills/s321/BILLS-115s321is.pdf |
| Bill | https://www.congress.gov/115/bills/s321/BILLS-115s321is.pdf.pdf |
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