fractional program aircraft

(1) Fractional program aircraft The term “fractional program aircraft” means, with respect to any fractional ownership aircraft program, any aircraft which— (A) is listed as a fractional program aircraft in the management specifications issued to the manager of such program by the Federal Aviation Administration under subpart K of part 91 of title 14, Code of Federal Regulations , and (B) is registered in the United States.


26 USC § 4043(c)(1)

Scoping language

For purposes of this section
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