Advanced Air Mobility Tax Exemption Parity Act of 2023 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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Advanced Air Mobility Tax Exemption Parity Act of 2023
USA118th CongressHR-4719| House
| Updated: 7/18/2023
Advanced Air Mobility Tax Exemption Parity Act of 2023 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.