I.R.C. § 4282(a) General Rule
Under regulations prescribed by the Secretary, if—
I.R.C. § 4282(a)(1)
one member of an affiliated group is the owner or lessee of an aircraft, and
I.R.C. § 4282(a)(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
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.
I.R.C. § 4282(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
I.R.C. § 4282(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
(Added Pub. L. 91-258, title II, 205(a)(1), May 21,
1970, 84 Stat. 241, and amended Pub. L. 94-455, title XIX, 1906(b)(13)(A),
Oct. 4, 1976, 90 Stat. 1834; Pub. L. 104-188, 1609(f), Aug. 20, 1996, 110 Stat. 1755.)
A prior section 4282, act Aug. 16, 1954, ch. 736, 68A Stat. 508, which defined “fair charge” in connection with the tax on transportation
of oil by pipeline, was repealed by Pub. L. 85-475, 4(a), June 30, 1958, 72 Stat. 260. For effective date of repeal, see section 4(c) of Pub. 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. 104-188, 1609(f), redesignated subsec. (b) as subsec. (c), and added subsec. (b).
1976--Subsec. (a). Pub. L. 94-455 struck out “or his delegate” after “Secretary”.
EFFECTIVE DATE OF 1996 AMENDMENT
Amendment by Sec. 1609(b) of Pub. L. 104-188 effective on the 7th calendar day after the date of the enactment of this Act
[Aug. 20, 1996], except that the amendments made by subsection (b)
shall not apply to any amount paid before such date.