S.817 - JET Delays Act

A bill to exempt the Federal Aviation Administration from sequestration, and for other purposes. view all titles (3)

All Bill Titles

  • Official: A bill to exempt the Federal Aviation Administration from sequestration, and for other purposes. as introduced.
  • Short: JET Delays Act as introduced.
  • Short: Just End the Delays Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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04/25/13
 
 
 
 
 
 
 

Official Summary

Just End the Delays Act or the JET Delays Act - Makes available for Federal Aviation Administration (FAA) operations for FY2013, notwithstanding any sequestration order, the funds that otherwise would have been available but for the sequestration order. Amends the Internal Revenue Code to

Official Summary

Just End the Delays Act or the JET Delays Act - Makes available for Federal Aviation Administration (FAA) operations for FY2013, notwithstanding any sequestration order, the funds that otherwise would have been available but for the sequestration order. Amends the Internal Revenue Code to classify general aviation aircraft as seven-year property for purposes of the depreciation tax deduction (currently, expenses for aircraft can be deducted or expensed in the current taxable year). Defines \"general aviation aircraft\" as any aircraft (except those used primarily for emergency or emergency relief operations) not used in commercial or contract carrying of passengers or freight, but which primarily engages in the carrying of passengers.

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