S.2501: Small Aircraft Tax Modification Act of 2015

Small Aircraft Tax Modification Act of 2015 [sic] This bill amends the Internal Revenue Code to expand eligibility for the exemption from the excise tax on the transportation of persons and property by air by: (1) increasing the limit on the maximum certified takeoff weight of eligible aircraft not operated on an established line from 6,000 pounds or less to 12,500 pounds or less; and (2) providing that an aircraft shall not be considered as...

(Source: Library of Congress)