118th Congress · HOUSE BILLBILL

H.R. 4719 — Advanced Air Mobility Tax Exemption Parity Act of 2023

“To amend the Internal Revenue Code of 1986 to make powered-lift aircraft eligible for certain exemptions from taxes on air transportation.”

Taxation

Introduced Jul 18, 2023

Last action Jul 18, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 18, 2023

Step 2

Referred

Jul 18, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill exempts powered-lift aircraft from the excise tax on air transportation. The bill defines powered-lift aircraft to mean a heavier-than-air aircraft that is capable of vertical takeoff, vertical landing, and low speed flight.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jul 18, 2023

Introduced in House

Jul 18, 2023

Referred to the House Committee on Ways and Means.