A bill to amend the Internal Revenue Code of 1954 to require information reporting with respect to airline passes provided under frequent flier or similar programs.

Amends the Internal Revenue Code to require the filing of informational returns by airlines which provide free or discount air transportation passes to customers based on a customer's patronage. Provides that such an informational return must contain the aggregate value of such passes provided in a taxable year to a customer. Requires that a statement be furnished to each customer with respect to whom information is furnished.