A bill to amend the Internal Revenue Code of 1986 to increase excise taxes on fuel used by private jets, and for other purposes.

Bill 119 s 173, also known as the Private Jet Fuel Tax Increase Act, is a proposed piece of legislation that aims to amend the Internal Revenue Code of 1986 in order to raise excise taxes on fuel used by private jets. The bill seeks to address concerns about the environmental impact of private jet travel and the perceived inequity in the current tax structure that allows private jet owners to pay lower taxes on fuel compared to commercial airlines.

If passed, the bill would result in private jet owners paying higher taxes on the fuel they use for their aircraft. This increase in taxes is intended to help offset the environmental costs associated with private jet travel, as well as to generate additional revenue for the government.

In addition to increasing taxes on private jet fuel, the bill also includes provisions for other purposes, although specific details on these purposes are not provided in the summary. Overall, the Private Jet Fuel Tax Increase Act is a proposed piece of legislation that aims to address concerns about the environmental impact and tax inequities associated with private jet travel by raising excise taxes on fuel used by private jets.