Code Section 4281
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 4281 | 3/31/2012 | FAA Modernization and Reform Act of 2012 | Termination of Exemption For Small Jet Aircraft on Nonestablished Lines | 23 |
Termination of Exemption For Small Jet Aircraft on Nonestablished Lines
Explanation of Provision
The Act repeals the exemption as it applies to turbine engine powered aircraft (jet aircraft).
Back to Tax Tracker Codes Menu