I 112th CONGRESS 1st Session H. R. 1011 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.

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.