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H. Rept. 114-793 1 (2016-09-27)

handle is hein.congrecreports/crptxrwg0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-793 AMENDING THE INTERNAL REVENUE CODE OF 1986 TO EXEMPT AMOUNTS PAID FOR AIRCRAFT MANAGEMENT SERVICES FROM THE EX- CISE TAXES IMPOSED ON TRANSPORTATION BY AIR SEPTEMBER 27, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. BRADY of Texas, from the Committee on Ways and Means, submitted the following REPORT together with ADDITIONAL VIEWS [To accompany H.R. 3608] [Including cost estimate of the Congressional Budget Office] The Committee on Ways and Means, to whom was referred the bill (H.R. 3608) to amend the Internal Revenue Code of 1986 to ex- empt amounts paid for aircraft management services from the ex- cise taxes imposed on transportation by air, having considered the same, report favorably thereon with an amendment and rec- ommend that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ............................................................. 2 A. Purpose and Sum m ary ..................................................................... 2 B. Background and Need for Legislation ............................................. 2 C. Legislative H istory ........................................................................... 3 II. Explanation of the bill ................................................................................... 3 A. Exemption From Excise Tax of Certain Amounts Paid for Air- craft Management Services (sec. 1 of the bill and secs. 4261 and 4271 of the Code) .................................................................... 3 III. VOTES OF THE COMMITTEE .................................................................... 7 IV. BUDGET EFFECTS OF THE BILL7 ........................................................ 7 A. Committee Estimate of Budgetary Effects ..................................... 7 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority ................................................................. 7 C. Cost Estimate Prepared by the Congressional Budget Office ....... 7 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF TH E H O U SE .............................................................................................. 8 A. Committee Oversight Findings and Recommendations ................. 8 B. Statement of General Performance Goals and Objectives ............. 8 59-006

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