(A) aviation liquid held by any person on
the tax effective date exclusively for any use for
which a credit or refund of the entire tax im-
posed by section 4081 or 4091 of such Code (as
the case may be) is allowable for such liquid
purchased on or after such tax effective date for
such use, or
(B) aviation fuel held by any person on the
tax effective date exclusively for any use de-
scribed in section 4092(b) of such Code.
(5) EXCEPTION
FOR
CERTAIN
AMOUNTS
OF
FUEL.—
(A) IN
GENERAL.—No tax shall be im-
posed by paragraph (1) on any aviation liquid
held on the tax effective date by any person if
the aggregate amount of such liquid (deter-
mined separately for aviation gasoline and avia-
tion fuel) held by such person on such date does
not exceed 2,000 gallons. The preceding sen-
tence shall apply only if such person submits to
the Secretary (at the time and in the manner
required by the Secretary) such information as
the Secretary shall require for purposes of this
paragraph.
(B) EXEMPT FUEL.—Any liquid to which
the tax imposed by paragraph (1) does not
apply by reason of paragraph (4) shall not be
taken into account under subparagraph (A).
(C) CONTROLLED GROUPS.—For purposes
of this paragraph—
(i) CORPORATIONS.—
(I) IN
GENERAL.—All persons
treated as a controlled group shall be
treated as 1 person.
(II) CONTROLLED
GROUP.—The
term ‘‘controlled group’’ has the
meaning given such term by sub-
section (a) of section 1563 of such
Code; except that for such purposes,
the phrase ‘‘more than 50 percent’’
shall be substituted for the phrase ‘‘at
least 80 percent’’ each place it ap-
pears in such subsection.
(ii) 
NONINCORPORATED
PERSONS
UNDER COMMON CONTROL.—Under regula-
tions prescribed by the Secretary, prin-
ciples similar to the principles of clause (i)
shall apply to a group of persons under
common control where 1 or more of such
persons is not a corporation.
(6) OTHER LAWS APPLICABLE.—All provisions
of law, including penalties, applicable with respect to
the taxes imposed by section 4081 or 4091 of such
Code shall, insofar as applicable and not inconsistent
with the provisions of this subsection, apply with re-
spect to the floor stocks taxes imposed by paragraph
(1) to the same extent as if such taxes were imposed
by such section 4081 or 4091, as the case may be.
(e) EFFECTIVE DATES.—
(1) FUEL TAXES.—The amendments made by
subsection (a) shall apply to periods beginning on or
after the 7th day after the date of the enactment of
this Act.
(2) TICKET TAXES.—
(A) IN GENERAL.—The amendments made
by subsection (b) shall apply to transportation
beginning on or after such 7th day.
(B) 
EXCEPTION
FOR
CERTAIN
PAY-
MENTS.—Except as provided in subparagraph
(C), the amendments made by subsection (b)
shall not apply to any amount paid before such
7th day.
(C) PAYMENTS OF PROPERTY TRANSPOR-
TATION TAX WITHIN CONTROLLED GROUP.—In
the case of the tax imposed by section 4271 of
the Internal Revenue Code of 1986, subpara-
graph (B) shall not apply to any amount paid
by 1 member of a controlled group for transpor-
tation furnished by another member of such
group. For purposes of the preceding sentence,
all persons treated as a single employer under
subsection (a) or (b) of section 52 of the Inter-
nal Revenue Code of 1986 shall be treated as
members of a controlled group.
(f) APPLICATION OF LOOK-BACK SAFE HARBOR FOR
DEPOSITS.—Nothing in the look-back safe harbor pre-
scribed in Treasury Regulation section 40.6302(c)–1(c)(2)
shall be construed to permit such safe harbor to be used
with respect to any tax unless such tax was imposed
throughout the look-back period.