Amends the Internal Revenue Code to exempt aircraft management services from the excise tax on transportation of persons and property. Defines "aircraft management services" as scheduling, flight planning, weather forecasting, operation of flights, obtaining insurance, maintenance, storage and fueling of aircraft, hiring, training and provision of pilots and crew, establishing and complying with safety standards, and such other services necessary to support flights.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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