{"abstract":"This document contains final regulations relating to the excise taxes imposed on certain amounts paid for transportation of persons and property by air. Specifically, the final regulations relate to the exemption for amounts paid for certain aircraft management services. The final regulations also amend, revise, redesignate, and remove provisions of existing regulations that are out-of-date or obsolete and generally update the existing regulations to incorporate statutory changes, case law, and other published guidance. The final regulations affect persons that provide air transportation of persons and property, and persons that pay for those services.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2021/01/19/2021-00706.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"40","title":26},{"chapter":null,"citation_url":null,"part":"49","title":26}],"citation":"86 FR 4990","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: These regulations are effective January 14, 2021.","disposition_notes":null,"docket_ids":["TD 9948"],"dockets":[],"document_number":"2021-00706","effective_on":"2021-01-14","end_page":5008,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2021/01/19/2021-00706.xml","html_url":"https://www.federalregister.gov/documents/2021/01/19/2021-00706/excise-taxes-transportation-of-persons-by-air-transportation-of-property-by-air-aircraft-management","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2021-00706?publication_date=2021-01-19","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2021-01-19/2021-00706/mods.xml","not_received_for_publication":null,"page_length":19,"page_views":{"count":4459,"last_updated":"2026-10-23 12:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-01-19/pdf/2021-00706.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2021-00706.pdf?1610658926","publication_date":"2021-01-19","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2021/01/19/2021-00706.txt","regulation_id_number_info":{"1545-BP37":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1545-BP37/-aircraft-management-services-exemption","title":" Aircraft Management Services Exemption","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1545-BP37&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BP37"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP37/-aircraft-management-services-exemption","title":" Aircraft Management Services Exemption"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0026","supporting_documents_count":0,"docket_id":"IRS-2020-0026","document_id":"IRS-2020-0026-0005","regulation_id_number":"1545-BP37","title":"Excise Taxes; Transportation of Persons by Air; Transportation of Property by Air; Aircraft Management Services (REG-112042-19)","checked_regulationsdotgov_at":"2021-01-21T04:30:08Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":4990,"subtype":null,"title":"Excise Taxes; Transportation of Persons by Air; Transportation of Property by Air; Aircraft Management Services","toc_doc":"Excise Taxes; Transportation of Persons by Air; Transportation of Property by Air; Aircraft Management Services","toc_subject":null,"topics":["Excise taxes","Reporting and recordkeeping requirements","Telephone","Transportation"],"type":"Rule","volume":86}