A bill to amend the Internal Revenue Code of 1954 to exempt certain agricultural aircraft from the aircraft use tax, to provide for the refund of the gasoline tax to the agricultural aircraft operator with the consent of the farmer.

Provides, under the Internal Revenue Code, that no tax shall be imposed on the use of any aircraft by a person who holds a certificate as an agricultural aircraft operator if such aircraft is equipped for agricultural operation and if such person uses it primarily for such agricultural operation.

Provides that, for purposes of the refund of the tax on gasoline used for farming purposes and the refund of tax on fuels not used for a taxable purpose, if the use of any liquid as a fuel on a farm for farming purposes is in an aircraft and by an aerial applicator who was the actual ultimate purchaser thereof, and the owner, tenant, or operator of the farm has waived in writing his right to any payment, credit, or refund with respect to such liquid, then such aerial applicator shall be treated as the operator of the farm with respect to such liquid.