366 
(3) TRANSFER OF FLOOR STOCK TAX REVENUES 
TO TRUST FUNDS.—For purposes of determining the 
amount transferred to the Airport and Airway Trust 
Fund, the tax imposed by this subsection shall be 
treated as imposed by the provision of section 4081 of 
the Internal Revenue Code of 1986 which applies with 
respect to the aviation fuel involved. 
(4) DEFINITIONS.—For purposes of this sub-
section— 
(A) AVIATION FUEL.—The term ‘‘aviation 
fuel’’ means aviation-grade kerosene and avia-
tion gasoline, as such terms are used within the 
meaning of section 4081 of the Internal Revenue 
Code of 1986. 
(B) HELD
BY
A
PERSON.—Aviation fuel 
shall be considered as held by a person if title 
thereto has passed to such person (whether or not 
delivery to the person has been made). 
(C) SECRETARY.—The term ‘‘Secretary’’ 
means the Secretary of the Treasury or the Sec-
retary’s delegate. 
(5) EXCEPTION
FOR
EXEMPT
USES.—The tax 
imposed by paragraph (1) shall not apply to any 
aviation fuel held by any person exclusively for any 
use to the extent a credit or refund of the tax is allow-
367 
able under the Internal Revenue Code of 1986 for such 
use. 
(6) EXCEPTION
FOR
CERTAIN
AMOUNTS
OF 
FUEL.— 
(A) IN GENERAL.—No tax shall be imposed 
by paragraph (1) on any aviation fuel held on 
January 1, 2010, by any person if the aggregate 
amount of such aviation fuel held by such person 
on such date does not exceed 2,000 gallons. The 
preceding sentence shall apply only if such per-
son submits to the Secretary (at the time and in 
the manner required by the Secretary) such in-
formation as the Secretary shall require for pur-
poses of this subparagraph. 
(B) EXEMPT FUEL.—For purposes of sub-
paragraph (A), there shall not be taken into ac-
count any aviation fuel held by any person 
which is exempt from the tax imposed by para-
graph (1) by reason of paragraph (6). 
(C) CONTROLLED GROUPS.—For purposes of 
this subsection— 
(i) CORPORATIONS.— 
(I) IN
GENERAL.—All persons 
treated as a controlled group shall be 
treated as 1 person.
368 
(II) CONTROLLED
GROUP.—The 
term ‘‘controlled group’’ has the mean-
ing given to such term by subsection 
(a) of section 1563 of such Code; except 
that for such purposes the phrase 
‘‘more than 50 percent’’ shall be sub-
stituted for the phrase ‘‘at least 80 per-
cent’’ each place it appears in such 
subsection. 
(ii) 
NONINCORPORATED
PERSONS 
UNDER COMMON CONTROL.—Under regula-
tions prescribed by the Secretary, principles 
similar to the principles of subparagraph 
(A) shall apply to a group of persons under 
common control if 1 or more of such persons 
is not a corporation. 
(7) OTHER LAWS APPLICABLE.—All provisions of 
law, including penalties, applicable with respect to 
the taxes imposed by section 4081 of such Code on the 
aviation fuel involved shall, insofar as applicable and 
not inconsistent with the provisions of this subsection, 
apply with respect to the floor stock taxes imposed by 
paragraph (1) to the same extent as if such taxes were 
imposed by such section.
369 
TITLE 
XI—COMPLIANCE 
WITH 
STATUTORY 
PAY-AS-YOU-GO 
ACT OF 2010 
SEC. 1101. COMPLIANCE PROVISION. 
The budgetary effects of this Act, for purposes of com-
plying with the Statutory Pay-As-You-Go Act of 2010, shall 
be determined by reference to the latest statement titled 
‘‘Budgetary Effects of PAYGO Legislation’’ for this Act, 
jointly submitted for printing in the Congressional Record 
by the Chairmen of the House and Senate Budget Commit-
tees, provided that such statement has been submitted prior 
to the vote on passage in the House acting first on this con-
ference report or amendments between the Houses. 
Attest: 
Clerk.