A bill to amend the Federal Aviation Act of 1958 to limit under certain circumstances the discretion of the Civil Aeronautics Board in determining the rate of compensation to be paid to an air carrier for the transportation of mail by aircraft.

Summary

Amends the Federal Aviation Act of 1958 to direct the Civil Aeronautics Board, in determining the compensation for any local service air carrier for mail for 1966, to apply a specified rate schedule and to disregard any decrease in the Federal income tax liability resulting from any net operating loss carryback. Requires the Board to recompute such compensation if such a decrease was previously taken into account.

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Timeline

1. 10 February 1977

   Introduced

   Referred to Senate Committee on Commerce, Science, and Transportation.

   Source: IntroReferral

2. 10 February 1977

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 10 February 1977

  Open at official source

Sponsors

• Sen. Bentsen, Lloyd M. [D-TX] · D · Sponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• · sscm00 · Standing

Related records

• related to → A bill to amend the Federal Aviation Act of 1958 to limit under certain circumstances the discretion of the Civil Aeronautics Board in determining the rate of compensation to be paid to an air carrier for the transportation of mail by aircraft.