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
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
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.
(c) Affiliated group
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
A prior section
4282, act Aug. 16, 1954, ch. 736, 68A Stat. 508, defined “fair charge” in connection with tax on transportation of oil by pipeline, prior to repeal by Pub. L. 85–475, § 4(a),June 30, 1958, 72 Stat. 260. For effective date of repeal, see section 4(c) ofPub. L. 85–475, set out as an Effective Date of 1958 Amendment note under section
6415 of this title.
1996—Subsecs. (b), (c). Pub. L. 104–188added subsec. (b) and redesignated former subsec. (b) as (c).
1976—Subsec. (a). Pub. L. 94–455struck out “or his delegate” after “Secretary”.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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