A bill to amend the Internal Revenue Code of 1954 to require information reporting with respect to airline passes provided under frequent flier or similar programs.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to require the filing of informational returns by airlines which provide free or discount air transportation passes to customers based on a customer's patronage. Provides that such an informational return must contain the aggregate value of such passes provided in a taxable year to a customer. Requires that a statement be furnished to each customer with respect to whom information is furnished.…