II
111th CONGRESS
1st Session
S. 1497
IN THE SENATE OF THE UNITED STATES
July 22, 2009
Ms. Cantwell (for herself and Mrs. Murray) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to allow tax-exempt bond financing for fixed-wing emergency medical aircraft.
Tax-exempt bond financing for fixed-wing emergency medical aircraft
In general
Subsection (e) of
section 147 of the Internal Revenue Code of 1986 (relating to no portion of
bonds may be issued for skyboxes, airplanes, gambling establishments, etc.) is
amended by adding at the end the following new sentence: The preceding
sentence shall not apply to any fixed-wing aircraft equipped for, and
exclusively dedicated to providing, acute care emergency medical services
(within the meaning of 4261(g)(2)).
Effective date
The amendment made by this section shall apply to obligations issued after the date of the enactment of this Act.