To amend the Internal Revenue Code of 1986 with respect to the treatment of certain air transportation.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code with respect to the tax exclusion for certain fringe benefits to provide that "no-additional-cost service" includes the value of transportation on a noncommercial aircraft if: (1) such transportation is provided on a flight made in the ordinary course of the trade or business of the taxpayer owning or leasing such aircraft for use in such trade or business; (2) the flight on which the transportation is provided would have been made whether or not such person was transported on the flight; and (3) no substantial additional cost is incurred in providing such transportation to such person.…