Sec. 4007. SUSPENSION OF CERTAIN AVIATION EXCISE TAXES
230 words·~1 min read·
/statute-compilations/comps-15754/sec-4007A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 4007 SUSPENSION OF CERTAIN AVIATION EXCISE TAXES **[**[15 U.S.C. 9046](/us/usc/t15/s9046)**]** ###
(a)Transportation by Air In the case of any amount paid for transportation by air (including any amount treated as paid for transportation by air by reason of section 4261(e)(3) of the Internal Revenue Code of 1986) during the excise tax holiday period, no tax shall be imposed under section 4261 or 4271 of such Code. The preceding sentence shall not apply to amounts paid on or before the date of the enactment of this Act. ###
(b)Use of Kerosene in Commercial Aviation In the case of kerosene used in commercial aviation (as defined in section 4083 of the Internal Revenue Code of 1986) during the excise tax holiday period— ####
(1)no tax shall be imposed on such kerosene under— #####
(A)section 4041(c) of the Internal Revenue Code of 1986, or #####
(B)section 4081 of such Code (other than at the rate provided in subsection (a)(2)(B) thereof), and ####
(2)section 6427(l) of such Code shall be applied— #####
(A)by treating such use as a nontaxable use, and #####
(B)without regard to paragraph (4)(A)(ii) thereof. ###
(c)Excise Tax Holiday Period For purposes of this section, the term “excise tax holiday period” means the period beginning after the date of the enactment of this section and ending before January 1, 2021.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 4007
SUSPENSION OF CERTAIN AVIATION EXCISE TAXES
Cites 1Cited by 0 across 0 sources