26 U.S.C. § 4282 — Transportation by air for other members of affiliated group
submitted 56 years ago by Pub. L. 91-258 to r/title-26-INTERNAL-REVENUE-CODE · 159 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Under regulations prescribed by the Secretary*, if—
one member of an affiliated group is the owner or lessee of an aircraft, and
such aircraft is not available for hire by persons who are not members of such group,
no tax shall be imposed under section 4261 or 4271 upon any payment received by one member of the affiliated group from another member of such group for services furnished to such other member in connection with the use of such aircraft.
For purposes of subsection (a), the determination of whether an aircraft is available for hire by persons who are not members of an affiliated group shall be made on a flight-by-flight basis.
For purposes of subsection (a), the term “affiliated group” has the meaning assigned to such term by section 1504(a), except that all corporations shall be treated as includible corporations (without any exclusion under section 1504(b)).
Source credit: (Added Pub. L. 91–258, title II, § 205(a)(1), May 21, 1970, 84 Stat. 241; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 104–188, title I, § 1609(f), Aug. 20, 1996, 110 Stat. 1842.)
- 1970Enacted · Pub. L. 91-258 · 84 Stat. 241
- 1976Amended · Pub. L. 94-455 · 90 Stat. 1834
- 1996Amended · Pub. L. 104-188 · 110 Stat. 1842
A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-258 on 1970-05-21.
all 0 arguments · sorted by: best
no arguments yet — make the first case