To amend the Internal Revenue Code of 1986 to exempt aircraft management services from the ticket tax.

“(k) Exemption for aircraft management services

“(1) In general—The tax imposed by this section or section 4271 shall not apply to the provision of aircraft management services for flights under the aviation safety regulations of part 91 of title 14, Code of Federal Regulations.

“(2) Exception—Paragraph (1) shall not exempt flights for the transportation of persons under the aviation safety regulations of part 135 of title 14, Code of Federal Regulations.

“(3) Aircraft management services—For purposes of paragraph (1), the term “aircraft management services” means scheduling, flight planning, weather forecasting, and operation of flights; obtaining insurance; maintenance, storage and fueling of aircraft; hiring, training and provision of pilots and crew; establishing and complying with safety standards; and such other services necessary to support flights.”