[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1296 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
                                S. 1296

         To exempt seaplanes from certain transportation taxes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 19, 2003

 Ms. Murkowski introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
         To exempt seaplanes from certain transportation taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXEMPTION FROM TAX FOR TRANSPORTATION PROVIDED BY SEAPLANES.

    (a) In General.--Section 4261 of the Internal Revenue Code of 1986 
is amended--
            (1) by redesignating subsection (i) as subsection (j); and
            (2) by inserting after subsection (h) the following new 
        subsection:
    ``(i) Exemption for Transportation Provided by Seaplanes.--No tax 
shall be imposed by this section or section 4271 on any air 
transportation by a seaplane with respect to any segment consisting of 
a takeoff from, and a landing on, water.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to calendar years beginning after December 31, 2002.
                                 <all>