Aviation Industry Tax Equity Act of 2006 - Suspends the excise tax on commercial aviation fuel between the day after enactment of this Act and September 30, 2007 (suspension period).
[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5702 Introduced in House (IH)]
109th CONGRESS
2d Session
H. R. 5702
To suspend the excise tax on fuel used in commercial aviation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 28, 2006
Mr. Linder introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To suspend the excise tax on fuel used in commercial aviation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Aviation Industry Tax Equity Act of
2006''.
SEC. 2. SUSPENSION OF EXCISE TAX ON AVIATION FUEL USED IN COMMERCIAL
AVIATION.
(a) In General.--During the suspension period--
(1) the rate of tax under clause (i) of section
4081(a)(2)(C) of the Internal Revenue Code of 1986 shall be
zero, and
(2) clause (ii) of section 6427(l)(4)(A) of such Code shall
not apply.
(b) Definitions.--For purposes of this section--
(1) Suspension period.--The term ``suspension period''
means the period beginning on the tax suspension date and
ending on the suspension termination date.
(2) Tax suspension date.--The term ``tax suspension date''
means the day after the date of the enactment of this Act.
(3) Suspension termination date.--The term ``suspension
termination date'' means September 30, 2007.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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