II 109th CONGRESS 1st Session S. 171 IN THE SENATE OF THE UNITED STATES January 26, 2005 Ms. Murkowski (for herself, Mr. Stevens, and Mrs. Murray) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To exempt seaplanes from certain transportation taxes.

1.

Exemption from tax for transportation provided by seaplanes

(a)

In general

Section 4261 of the Internal Revenue Code of 1986 (relating to imposition of tax) is amended by redesignating subsection (i) as subsection (j) and 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, 2004.