AIR TAXI TRANSPORTATION.

SEC. 134. AIR TAXI TRANSPORTATION.Section 4263 (exemptions from tax on transportation of persons) is amended by adding at the end thereof the following new subsection: “(f) Small Aircraft on Nonestablished Lines.—The tax imposed by section 4261 shall not apply to transportation by aircraft having— “(1) a gross takeoff weight (as determined under regulations prescribed by the Secretary or his delegate) of less than 12,500 pounds, and “(2) a passenger seating capacity of less than 10 adult passengers, including the pilot, except when such aircraft is operated on an established line.”