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S. 817

BillFederalSenateIn Committee
JET Delays Act
About This Bill
Committee
Latest Action · April 25, 2013
Read twice and referred to the Committee on Finance.
Congress
113th (2013–2015)
Introduced
April 25, 2013
Cosponsors (1)
1D 0R
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Summary

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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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