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Public Statements

Conference Report on H.R. 658, FAA Reauthorization and Reform Act of 201

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. TIBERI. Mr. Speaker, I rise today to thank Chairman Camp and Chairman Mica for their fine work on the FAA Modernization and Reform Act of 2012, and to explain the bill's treatment of the fractional ownership industry.

Fractional aviation has grown rapidly to change how business travels, but Washington doesn't always keep up with the pace of change in business, and fractional aviation was no exception. The Federal Aviation Administration recognized that fractional is non-commercial in 2003, but the Internal Revenue Service is still trying to tax it the same as a commercial airline ticket, despite the fact that fractional owners own their planes. Today we are clarifying and reaffirming that fractional aviation is non-commercial aviation. This bill clearly states that instead of being subject to the commercial ticket tax, as the IRS has asserted, fractional flights will pay the fuel tax used in noncommercial aviation, plus a fractional surtax.

Ohio is the birthplace of aviation. This heritage of aeronautical innovation continues today with cutting edge fractional ownership aircraft programs. This bill will align fractional aviation's tax treatment with the longstanding FAA rules, and help the fractional aviation industry in Ohio and across the country grow even more. I want to thank Chairman Camp for making this clear.

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