26 USC 4282 - Transportation by air for other members of affiliated group

U.S Code last checked for updates: Jan 18, 2025

§ 4282.

Transportation by air for other members of affiliated group

(a)

General rule

Under regulations prescribed by the Secretary, if—

(1)

one member of an affiliated group is the owner or lessee of an aircraft, and

(2)

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.

(b)

Availability for hire

(c)

Affiliated group

(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,

cite as: 26 USC 4282