A bill to amend section 172 of the Internal Revenue Code of 1954.

Provides, under the Internal Revenue Code, that special rules governing net operating loss deductions shall apply only if the taxpayer derived 50 percent or more of its gross receipts (other than those derived from sales to the United States Government or to the government of a foreign country) for the taxable year of such loss from the manufacture and sale of commercial jet transport aircraft, and 3 or fewer United States persons manufactured commercial jet transport aircraft having an aggregate fair market value of 75 percent or more of the value of all commercial jet transport aircraft manufactured by United States persons in the calendar year for use by common air carriers. (Amends 26 U.S.C. 172)