To amend the Internal Revenue Code of 1986 to clarify the treatment of aircraft maintenance and repair expenditures required by the Federal Aviation Administration.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to deem as a deductible repair and not chargeable to the capital account required aircraft maintenance expenditures (as defined by this Act) performed under a government airworthiness maintenance program (as defined by this Act). Excludes expenditures with respect to major design changes or equipment not previously placed in service by the taxpayer.…