[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1011 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1011

  To amend the Internal Revenue Code of 1986 to allow tax-exempt bond 
          financing for fixed-wing emergency medical aircraft.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2011

Mr. Hastings of Washington (for himself, Mrs. McMorris Rodgers, and Ms. 
 Herrera Beutler) introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow tax-exempt bond 
          financing for fixed-wing emergency medical aircraft.

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

SECTION 1. TAX-EXEMPT BOND FINANCING FOR FIXED-WING EMERGENCY MEDICAL 
              AIRCRAFT.

    (a) In General.--Subsection (e) of section 147 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
sentence: ``The preceding sentence shall not apply to any fixed-wing 
aircraft equipped for, and exclusively dedicated to providing, acute 
care emergency medical services (within the meaning of 4261(g)(2)).''
    (b) Effective Date.--The amendment made by this section shall apply 
to obligations issued after the date of the enactment of this Act.
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