S.Amdt. 3663

SA 3663. Ms. MURKOWSKI (for herself and Mr. Sullivan) submitted an
amendment intended to be proposed to amendment SA 3464 submitted by Mr.
Thune (for himself and Mr. Nelson) to the bill H.R. 636, to amend the
Internal Revenue Code of 1986 to permanently extend increased expensing
limitations, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. ____. MODIFICATION OF EXCISE TAX EXEMPTION FOR SMALL
AIRCRAFT ON ESTABLISHED LINES.

(a) In General.--Section 4281 of the Internal Revenue Code
of 1986 is amended--
(1) in subsection (a), by striking ``6,000 pounds or less''
and inserting ``12,500 pounds or less'', and
(2) by striking subsection (c) and inserting the following:
``(c) Established Line.--For purposes of this section, an
aircraft shall not be considered as operated on an
established line if operated under an authorization to
conduct on-demand operations in common carriage pursuant to
section 119.21(a)(5) of title 14, Code of Federal
Regulations, as in effect on the date of the enactment of the
Federal Aviation Administration Reauthorization Act of
2016.''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable transportation provided after the date
of the enactment of this Act.
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