JET Delays Act

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.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 817 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                 S. 817

 To exempt the Federal Aviation Administration from sequestration, and 
                          for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 25, 2013

   Mrs. Gillibrand (for herself and Mr. Rockefeller) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
 To exempt the Federal Aviation Administration from sequestration, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Just End the Delays Act'' or the 
``JET Delays Act''.

SEC. 2. EXEMPTION OF OPERATIONS OF FEDERAL AVIATION ADMINISTRATION FROM 
              SEQUESTRATION.

    Notwithstanding a sequestration order issued by the President 
pursuant to section 251A(7)(A) of the Balanced Budget and Emergency 
Deficit Control Act of 1985 (2 U.S.C. 901a(7)(A)), there shall be 
available for the operations of the Federal Aviation Administration for 
fiscal year 2013 the amount that would have been made available for the 
operations of the Federal Aviation Administration for fiscal year 2013 
but for sections 251 and 251A of the Balanced Budget and Emergency 
Deficit Control Act of 1985 (2 U.S.C. 901 and 901a), section 3004 of 
the Consolidated and Further Continuing Appropriations Act, 2013 
(Public Law 113-6), and any sequestration order issued by the 
President.

SEC. 3. GENERAL AVIATION AIRCRAFT TREATED AS 7-YEAR PROPERTY.

    (a) In General.--Subparagraph (C) of section 168(e)(3) of the 
Internal Revenue Code of 1986 (relating to classification of certain 
property) is amended--
            (1) in clause (iv), by striking ``and'' at the end;
            (2) by redesignating clause (v) as clause (vi); and
            (3) by inserting after clause (iv) the following new 
        clause:
                            ``(v) any general aviation aircraft, and''.
    (b) Class Life.--Paragraph (3) of section 168(g) of the Internal 
Revenue Code of 1986 is amended by inserting after subparagraph (E) the 
following new subparagraph:
                    ``(F) General aviation aircraft.--In the case of 
                any general aviation aircraft, the recovery period used 
                for purposes of paragraph (2) shall be 12 years.''.
    (c) General Aviation Aircraft.--Subsection (i) of section 168 of 
the Internal Revenue Code of 1986 is amended by adding at the end the 
following new paragraph:
            ``(20) General aviation aircraft.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the term `general aviation aircraft' 
                means any aircraft (including airframes and engines) 
                not used in commercial or contract carrying of 
                passengers or freight, but which primarily engages in 
                the carrying of passengers.
                    ``(B) Exclusion.--The term `general aviation 
                aircraft' does not include aircraft used primarily in 
                emergency or emergency relief operations.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.
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