II 109th CONGRESS 2d Session S. 2666 IN THE SENATE OF THE UNITED STATES April 27, 2006 Mr. Burns introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To temporarily suspend the revised tax treatment of kerosene for use in aviation under the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users.

1.

Short title

This Act may be cited as the Aviation Fuel Tax Simplification Act.

2.

Suspension of tax treatment of aviation kerosene under SAFETEA–LU

(a)

In general

Section 11161(e) of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users is amended by inserting , and before the date of the enactment of the Aviation Fuel Tax Simplification Act, and after September 30, 2007 after September 20, 2005. (b)

Conforming amendment

Section 9503(c)(7) of the Internal Revenue Code of 1986 is amended by inserting and before the date of the enactment of the Aviation Fuel Tax Simplification Act, and on or after October 1, 2007, after October 1, 2005,. (c)

Effective date

The amendments made by this section shall take effect on the date of the enactment of this Act. (d)

Floor stock refunds

The Secretary of the Treasury shall provide under rules similar to the rules under section 6412 of the Internal Revenue Code of 1986 for such floor stocks refunds as are necessary as a result of the amendments made by this section.