[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1560 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1560

  To amend the Internal Revenue Code of 1986 to provide for a credit 
   against tax for improving the safety of fuel systems in emergency 
                          medical rotorcraft.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 21, 2019

Mr. Gardner (for himself and Mr. Bennet) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide for a credit 
   against tax for improving the safety of fuel systems in emergency 
                          medical rotorcraft.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safe Helicopters Now Act''.

SEC. 2. CREDIT FOR IMPROVING SAFETY OF FUEL SYSTEMS IN EMERGENCY 
              MEDICAL ROTORCRAFT.

    (a) In General.--Subpart B of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 30D the following new section:

``SEC. 30E. IMPROVING SAFETY OF FUEL SYSTEMS IN EMERGENCY MEDICAL 
              ROTORCRAFT.

    ``(a) In General.--There shall be allowed as a credit against the 
tax imposed by this chapter for the taxable year an amount equal to 10 
percent of the qualified fuel system improvement costs which are paid 
or incurred by the taxpayer during the taxable year.
    ``(b) Definitions.--For purposes of this section--
            ``(1) Qualified fuel system improvement costs.--The term 
        `qualified fuel system improvement costs' means costs paid or 
        incurred to make qualified changes to a fuel system in an 
        emergency medical rotorcraft that did not, before such changes, 
        meet the requirements described in paragraph (2)(A).
            ``(2) Qualified changes.--The term `qualified changes' 
        means--
                    ``(A) changes necessary to make a fuel system 
                compliant with the requirements under--
                            ``(i) paragraphs (1), (2), (3), (5), and 
                        (6) of section 27.952(a), section 27.952(c), 
                        section 27.952(f), section 27.952(g), section 
                        27.963(g) (but allowing for a minimum puncture 
                        force of 250 pounds if successfully drop tested 
                        in-structure), and section 27.975(b) of title 
                        14, Code of Federal Regulations, as in effect 
                        on the date of enactment of this section, or
                            ``(ii) paragraphs (1), (2), (3), (5), and 
                        (6) of section 29.952(a), section 29.952(c), 
                        section 29.952(f), section 29.952(g), section 
                        29.963(b) (but allowing for a minimum puncture 
                        force of 250 pounds if successfully drop tested 
                        in-structure), and 29.975(a)(7) of such title 
                        as so in effect, and
                    ``(B) such changes as the Secretary determines are 
                necessary to result in a fuel system that has 
                equivalent crash resistance to a fuel system compliant 
                with the requirements under clause (i) or (ii) of 
                subparagraph (A).
            ``(3) Emergency medical rotorcraft.--The term `emergency 
        medical rotorcraft' means, with respect to a taxable year, a 
        rotorcraft that is used for the provision of emergency medical 
        services during such year.''.
    (b) Clerical Amendment.--The table of sections for such subpart B 
is amended by inserting after the item relating to section 30D the 
following new item:

``Sec. 30E. Improving safety of fuel systems in emergency medical 
                            rotorcraft.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2018.
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