Applicability of credit

# (1)

Aircraft that:

# (A)

have a seating capacity of not more than ninety (90) passengers;

# (B)

are used in the air transportation of passengers or passengers and property; and

# (C)

are owned or operated by a person that is:

(i) an air carrier certificated under Federal Air Regulation Part 121; or

(ii) a scheduled air taxi operator certified under Federal Air Regulation Part 135.

# (2)

Aircraft that:

# (A)

are used to transport only property, regardless of whether the aircraft is operated as a common carrier for compensation; and

# (B)

are owned or operated by a person that is:

(i) an air carrier certificated under Federal Air Regulation Part 121; or

(ii) a scheduled air taxi operator certified under Federal Air Regulation Part 135.
As added by P.L.230-2025, SEC.59.