113 S2775 IS: To amend the Internal Revenue Code of 1986 to exempt aircraft management services from the ticket tax. U.S. Senate 2014-08-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II 113th CONGRESS2d Session S. 2775 IN THE SENATE OF THE UNITED STATES August 1, 2014 Mr. Brown (for himself and Mr. Portman) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to exempt aircraft management services from the ticket tax.

1.

Exemption from ticket tax for aircraft management services

(a)

In general

Section 4261 of the Internal Revenue Code of 1986 is amended by redesignating subsection (k) as subsection (l) and by inserting after subsection (j) the following new subsection:(k)

Exemption for aircraft management services

(1)

In general

The tax imposed by this section or section 4271 shall not apply to the provision of aircraft management services for flights under the aviation safety regulations of part 91 of title 14, Code of Federal Regulations.(2)

Exception

Paragraph (1) shall not exempt flights for the transportation of persons under the aviation safety regulations of part 135 of title 14, Code of Federal Regulations.(3)

Aircraft management services

For purposes of paragraph (1), the term aircraft management services means scheduling, flight planning, weather forecasting, and operation of flights; obtaining insurance; maintenance, storage and fueling of aircraft; hiring, training and provision of pilots and crew; establishing and complying with safety standards; and such other services necessary to support flights..(b)

Effective date

The amendment made by this section shall apply to transportation beginning after the date of the enactment of this Act.