119th CONGRESS 2d Session |
To amend the Internal Revenue Code of 1986 to disallow deductions with respect to certain expenses relating to private planes.
April 30, 2026
Mr. Vindman (for himself, Ms. McDonald Rivet, and Mr. Landsman) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to disallow deductions with respect to certain expenses relating to private planes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Stop Subsidizing Private Jets of 2026”.
SEC. 2. Disallowance of certain expenses relating to private planes.
(a) in general.—Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (s) as subsection (t) and by inserting the following new subsection after subsection (r):
“(s) Disallowance of certain expenses relating to private planes.—
“(1) IN GENERAL.—No deduction shall be allowed under this chapter for amounts paid or incurred for disqualified private plane expenditures.
“(2) DISQUALIFIED PRIVATE PLANE EXPENDITURES.—For purposes of this subsection, the term ‘disqualified private plane expenditures’ means amounts paid or incurred to purchase, maintain, or operate any fixed-wing aircraft (including any deduction for depreciation or amortization thereof) other than—
“(i) an aircraft which is primarily used to transport property, or
“(ii) an aircraft which is modified for use in agriculture, firefighting, or for emergency medical purposes, and which is used by the taxpayer primarily for the purpose for which such aircraft has been modified, or
“(B) by a taxpayer in the course of a trade or business of the taxpayer—
“(i) of providing instruction in aeronautics,
“(ii) of offering skydiving services to the public,
“(iii) of offering transportation of persons by air along fixed and scheduled routes, if such services are predominately available for purchase by the general public, or
“(iv) of offering flights to the public for which the sole purpose is sightseeing.”.
(b) Effective date.—The amendments made by this section shall apply to amounts paid or incurred after December 31, 2025.