Exemption of Foreign Air Carriers From Excise Taxes; Review of Finding of Reciprocity (Ecuador), 26 U.S.C. 4221

Summary

The US Department of Commerce is conducting a review to determine if Ecuador has stopped allowing US-registered aircraft to receive tax exemptions similar to those granted to Ecuadorian-registered aircraft. The review is related to the US tax exemption for foreign aircraft purchasing supplies in the US for international commercial operations, as outlined in the Internal Revenue Code.