[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4719 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4719

    To amend the Internal Revenue Code of 1986 to make powered-lift 
      aircraft eligible for certain exemptions from taxes on air 
                            transportation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 18, 2023

 Mr. Panetta (for himself and Mr. Obernolte) 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 make powered-lift 
      aircraft eligible for certain exemptions from taxes on air 
                            transportation.

    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 ``Advanced Air Mobility Tax Exemption 
Parity Act of 2023''.

SEC. 2. POWERED-LIFT AIRCRAFT MADE ELIGIBLE FOR CERTAIN EXEMPTIONS FROM 
              TAXES ON AIR TRANSPORTATION.

    (a) Exemption for Mining and Timber Uses.--Section 4261(f) of the 
Internal Revenue Code of 1986 is amended--
            (1) in paragraph (1), by inserting ``or powered-lift 
        aircraft'' after ``helicopter'',
            (2) in paragraph (2), by striking ``or by fixed-wing 
        aircraft'' and inserting ``, powered-lift aircraft, or fixed-
        wing aircraft,'', and
            (3) in the matter following paragraph (2)--
                    (A) by striking ``helicopter or fixed-wing 
                aircraft'' and inserting ``helicopter, powered-lift 
                aircraft, or fixed-wing aircraft'', and
                    (B) by striking ``helicopter transportation'' and 
                inserting ``helicopter or powered-lift aircraft 
                transportation''.
    (b) Exemption for Air Ambulances.--Section 4261(g)(1) of such Code 
is amended by inserting ``or powered-lift aircraft'' after 
``helicopter''.
    (c) Powered-Lift Aircraft Defined.--Section 4261 of such Code is 
amended by adding at the end the following new subsection:
    ``(l) Powered-Lift Aircraft.--For purposes of this section, the 
term `powered-lift aircraft' means a heavier-than-air aircraft which--
            ``(1) is capable of vertical takeoff, vertical landing, and 
        low speed flight,
            ``(2) depends principally on engine-driven lift devices or 
        engine thrust for lift during flight maneuvers described in 
        paragraph (1), and
            ``(3) depends principally on one or more non-rotating 
        airfoils for lift during horizontal flight.''.
    (d) Regulatory Exemptions.--In the case of any exemption from the 
taxes imposed under section 4261 or 4271 of the Internal Revenue Code 
of 1986 which is provided under any regulation or other guidance issued 
by the Secretary of the Treasury (or the Secretary's delegate) with 
respect to transportation by helicopter or fixed-wing aircraft--
            (1) such exemption shall also apply to powered-lift 
        aircraft (as defined in section 4261(l) of such Code (as added 
        by this section), and
            (2) such Secretary (or delegate) shall modify such 
        regulation or other guidance consistent with the purposes of 
        paragraph (1).
    (e) Effective Date.--
            (1) In general.--The amendments made by this section shall 
        take effect on the first day of the first calendar quarter 
        beginning more than 60 days after the date of the enactment of 
        this Act.
            (2) Regulatory exemptions.--Subsection (d) shall take 
        effect as if such subsection were an amendment to which 
        paragraph (1) applies.
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