Title II — Revenue Provisions

114th Congress · Approved Sep 30, 2015 · 129 Stat. 522

TITLE II Revenue Provisions

(a)

In General.— Section 9502(d)(1) of the Internal Revenue Code of 1986 is amended—

(1)

by striking “ October 1, 2015” in the matter preceding subparagraph (A) and inserting “ April 1, 2016”, and

(2)

by striking the semicolon at the end of subparagraph (A) and inserting “ or the Airport and Airway Extension Act of 2015;”.

(b)

Conforming Amendment.— Section 9502(e)(2) of such Code is amended by striking “ October 1, 2015” and inserting “ April 1, 2016”.

(a)

Fuel Taxes.— Section 4081(d)(2)(B) of the Internal Revenue Code of 1986 is amended by striking “ September 30, 2015” and inserting “ March 31, 2016”.

(b)

Ticket Taxes.—

(1)

Persons.— Section 4261(k)(1)(A)(ii) of such Code is amended by striking “ September 30, 2015” and inserting “ March 31, 2016”.

(2)

Property.— Section 4271(d)(1)(A)(ii) of such Code is amended by striking “ September 30, 2015” and inserting “ March 31, 2016”.

(c)

Fractional Ownership Programs.—

(1)

Treatment as non-commercial aviation.— Section 4083(b) of such Code is amended by striking “ October 1, 2015” and inserting “ April 1, 2016”.

(2)

Exemption from ticket taxes.— Section 4261(j) of such Code is amended by striking “ September 30, 2015” and inserting “ March 31, 2016”.