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S 2501 114th Congress Senate Taxation Aviation and airports Sales and excise taxes

Small Aircraft Tax Modification Act of 2015

Introduced: February 4, 2016 Introduced by: Murkowski, Lisa Republican · Alaska 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
Feb 4, 2016
Read twice and referred to the Committee on Finance.
Feb 4, 2016
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Aircraft Tax Modification Act of 2015 [sic]

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.

What's happening now February 4, 2016

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1