Section 1 Short title
This Act may be cited as the “Small Aircraft Tax Modification Act of 2015”.
Small Aircraft Tax Modification Act of 2015
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.
Sec. 2 Modification of excise tax exemption for small aircraft on established lines
in subsection (a), by striking “6,000 pounds or less” and inserting “12,500 pounds or less”, and
by striking subsection (c) and inserting the following:
“(c) Established line—For purposes of this section, an aircraft shall not be considered as operated on an established line if such aircraft is performing an on-demand operation (as defined in section 110.2 of title 14, Code of Federal regulations, as in effect on the date of the enactment of the Small Aircraft Tax Modification Act of 2015).”
Effective date— The amendments made by this section shall apply to taxable transportation provided after the date of the enactment of this Act.