I 
118TH CONGRESS 
1ST SESSION H. R. 4719 
To amend the Internal Revenue Code of 1986 to make powered-lift aircraft 
eligible for certain exemptions from taxes on air transportation. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 18, 2023 
Mr. PANETTA (for himself and Mr. OBERNOLTE) introduced the following bill; 
which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to make 
powered-lift aircraft eligible for certain exemptions from 
taxes on air transportation. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Advanced Air Mobility 
Tax Exemption Parity Act of 2023’’. 
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SEC. 2. POWERED-LIFT AIRCRAFT MADE ELIGIBLE FOR 
CERTAIN EXEMPTIONS FROM TAXES ON AIR 
TRANSPORTATION. 
(a) EXEMPTION FOR MINING AND TIMBER USES.— 
Section 4261(f) of the Internal Revenue Code of 1986 is 
amended— 
(1) in paragraph (1), by inserting ‘‘or powered- 
lift aircraft’’ after ‘‘helicopter’’, 
(2) in paragraph (2), by striking ‘‘or by fixed- 
wing aircraft’’ and inserting ‘‘, powered-lift aircraft, 
or fixed-wing aircraft,’’, and 
(3) in the matter following paragraph (2)— 
(A) by striking ‘‘helicopter or fixed-wing 
aircraft’’ and inserting ‘‘helicopter, powered-lift 
aircraft, or fixed-wing aircraft’’, and 
(B) by striking ‘‘helicopter transportation’’ 
and inserting ‘‘helicopter or powered-lift air-
craft transportation’’. 
(b) EXEMPTION
FOR AIR AMBULANCES.—Section 
4261(g)(1) of such Code is amended by inserting ‘‘or pow-
ered-lift aircraft’’ after ‘‘helicopter’’. 
(c) POWERED-LIFT AIRCRAFT DEFINED.—Section 
4261 of such Code is amended by adding at the end the 
following new subsection: 
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‘‘(l) POWERED-LIFT AIRCRAFT.—For purposes of 
this section, the term ‘powered-lift aircraft’ means a heav-
ier-than-air aircraft which— 
‘‘(1) is capable of vertical takeoff, vertical land-
ing, and low speed flight, 
‘‘(2) depends principally on engine-driven lift 
devices or engine thrust for lift during flight maneu-
vers described in paragraph (1), and 
‘‘(3) depends principally on one or more non-ro-
tating airfoils for lift during horizontal flight.’’. 
(d) REGULATORY EXEMPTIONS.—In the case of any 
exemption from the taxes imposed under section 4261 or 
4271 of the Internal Revenue Code of 1986 which is pro-
vided under any regulation or other guidance issued by 
the Secretary of the Treasury (or the Secretary’s delegate) 
with respect to transportation by helicopter or fixed-wing 
aircraft— 
(1) such exemption shall also apply to powered- 
lift aircraft (as defined in section 4261(l) of such 
Code (as added by this section), and 
(2) such Secretary (or delegate) shall modify 
such regulation or other guidance consistent with 
the purposes of paragraph (1). 
(e) EFFECTIVE DATE.— 
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