S. 2551 — A bill to clarify the application of the Internal Revenue Code of 1986 with respect to personal use of airplanes.

Summary

Provides for the application of a specified Treasury Regulation in the determination of the value of airplane flights by individuals who are not flying primarily for an employer's business.

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Legislative Actions

1990-05-01
Introduced in Senate
1990-05-01
Read twice and referred to the Committee on Finance.

A bill to clarify the application of the Internal Revenue Code of 1986 with respect to personal use of airplanes.

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Summary

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