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S 817 113th Congress Senate Transportation and Public Works Appropriations Aviation and airports Business investment and capital Department of Transportation Employee leave Executive agency funding and structure Income tax deductions Transportation employees Transportation programs funding Transportation safety and security

JET Delays Act

Introduced: April 25, 2013 Introduced by: Gillibrand, Kirsten E. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2013
Read twice and referred to the Committee on Finance.
Apr 25, 2013
Introduced in Senate
 Plain-English summary Congressional Research Service

Just End the Delays Act or the JET Delays Act - Makes available for Federal Aviation Administration (FAA) operations for FY2013, notwithstanding any sequestration order, the funds that otherwise would have been available but for the sequestration order.

Amends the Internal Revenue Code to classify general aviation aircraft as seven-year property for purposes of the depreciation tax deduction (currently, expenses for aircraft can be deducted or expensed in the current taxable year). Defines "general aviation aircraft" as any aircraft (except those used primarily for emergency or emergency relief operations) not used in commercial or contract carrying of passengers or freight, but which primarily engages in the carrying of passengers.

What's happening now April 25, 2013

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1