H.R. 4719 · 118th Congress
Advanced Air Mobility Tax Exemption Parity Act of 2023
- Stage
- In committee
- Sponsor
- Jimmy Panetta
- Introduced
- 2023-07-18
- Latest action
- 2023-07-18 · Introduced in House
Summary
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.