To amend the Internal Revenue Code of 1986 to provide for a 50 percent-of-occupancy rule with respect to the valuation of seats on corporate aircraft on legitimate business flight when those seats would have otherwise gone unoccupied.

Summary

Provides, in applying certain Treasury regulations for taxable years after December 31, 1991, for determining the value of a flight by an individual who is not flying primarily for an employer's business on the basis of the percentage of seats occupied by individuals (other than crew) whose flights are primarily for the employer's business rather than the percentage of seating capacity.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 September 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 September 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 September 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 September 1991

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Thomas, Craig [R-WY] · R · Sponsor
• Rep. Horton, Frank J. [R-NY-29] · R · Cosponsor
• Rep. Coughlin, Lawrence [R-PA-13] · R · Cosponsor
• Rep. Towns, Edolphus [D-NY-10] · D · Cosponsor
• Rep. Vucanovich, Barbara F. [R-NV-2] · R · Cosponsor
• Rep. Bliley, Tom [R-VA-7] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to provide for a 50 percent-of-occupancy rule with respect to the valuation of seats on corporate aircraft on a legitimate business flight when those seats would have otherwise gone unoccupied.