US Congress Senate Bill 2530 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 10 2016 - 25% progression, died in committee
Action: 2016-02-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

A bill to amend the Internal Revenue Code of 1986 to modify the exemption for certain aircraft from the excise taxes on transportation by air. This bill amends the Internal Revenue Code to expand eligibility for the exemption from the excise tax on the transportation of persons and property by air by: (1) increasing the limit on the maximum certified takeoff weight of eligible aircraft not operated on an established line from 6,000 pounds or less to 12,500 pounds or less; and (2) providing that an aircraft shall not be considered as operated on an established line if it is performing an on-demand operation, as defined by regulation.

A bill to amend the Internal Revenue Code of 1986 to modify the exemption for certain aircraft from the excise taxes on transportation by air.

Sen. Lisa Murkowski [R-AK]

Date	Chamber	Action
2016-02-10	Senate	Read twice and referred to the Committee on Finance.

SB2501 (Related) 2016-02-04 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2530/all-info
Text	https://www.congress.gov/114/bills/s2530/BILLS-114s2530is.pdf