|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).