Revenue Rulings

 

Notice: Historical Content


This is an archival or historical document and may not reflect current law, policies or procedures.

 


Rev Rul. 2003-116, 2003 I.R.B.1083 (11/17/2003) PDF
This ruling concludes that a helicopter is not an airplane for purposes of section 147(e) of the Code which provides that a private activity bond is not a qualified bond if issued as part of an issue and any portion of the proceeds of such issue is to be used to provide any airplane, etc.