Amends the Internal Revenue Code to eliminate the waiver requirement by a farm owner, operator, or tenant in order for an aerial applicator of agricultural fertilizer or other substances to qualify for a gasoline-farming use (excise) tax exemption in the case of an applicator who is the ultimate purchaser of the gasoline so used. Includes within such exemption: (1) gasoline used between the airfield and farm; and (2) aviation fuel.
Exempts fixed-wing aerial applicators of fertilizer or other substances for forestry use from the passenger air transportation (excise) tax.
Actions
Jun 27, 2001
Read twice and referred to the Committee on Finance.