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.

Exempts from the tax on the use of a taxable aircraft under the Internal Revenue Code any person who holds a certificate as an agricultural aircraft operator, whose aircraft is equipped for agricultural operations, and who uses it primarily for such agricultural operations.

Grants to an aerial applicator the right to any payment, credit, or refund under the Internal Revenue Code with respect to the use of any liquid as a fuel in an aircraft by such aerial applicator, who was the ultimate purchaser thereof, and who has obtained a waiver in writing from an operator of the farm of his right to any such payment.