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131 STAT. 2182 PUBLIC LAW 115–97—DEC. 22, 2017 ‘‘(A) the total amount of contributions to which the election under subsection (e) of section 247 applies, ‘‘(B) for each contribution, whether such contribution was in cash, ‘‘(C) for each contribution which consists of property other than cash, the date that such property was acquired by the Native Corporation and the adjusted basis and fair market value of such property on the date such prop- erty was contributed to the Settlement Trust, ‘‘(D) the date on which each contribution was made to the Settlement Trust, and ‘‘(E) such information as the Secretary determines to be necessary or appropriate for the identification of each contribution and the accurate inclusion of income relating to such contributions by the Settlement Trust.’’. (2) CONFORMING AMENDMENT.—The item relating to section 6039H in the table of sections for subpart A of part III of subchapter A of chapter 61 is amended to read as follows: ‘‘Sec. 6039H. Information With Respect to Alaska Native Settlement Trusts and Native Corporations.’’. (3) EFFECTIVE DATE.—The amendments made by this sub- section shall apply to taxable years beginning after December 31, 2016. SEC. 13822. AMOUNTS PAID FOR AIRCRAFT MANAGEMENT SERVICES. (a) IN GENERAL.—Subsection (e) of section 4261 is amended by adding at the end the following new paragraph: ‘‘(5) AMOUNTS PAID FOR AIRCRAFT MANAGEMENT SERVICES.— ‘‘(A) IN GENERAL.—No tax shall be imposed by this section or section 4271 on any amounts paid by an aircraft owner for aircraft management services related to— ‘‘(i) maintenance and support of the aircraft owner’s aircraft, or ‘‘(ii) flights on the aircraft owner’s aircraft. ‘‘(B) AIRCRAFT MANAGEMENT SERVICES.—For purposes of subparagraph (A), the term ‘aircraft management serv- ices’ includes— ‘‘(i) assisting an aircraft owner with administrative and support services, such as scheduling, flight plan- ning, and weather forecasting, ‘‘(ii) obtaining insurance, ‘‘(iii) maintenance, storage and fueling of aircraft, ‘‘(iv) hiring, training, and provision of pilots and crew, ‘‘(v) establishing and complying with safety stand- ards, and ‘‘(vi) such other services as are necessary to sup- port flights operated by an aircraft owner. ‘‘(C) LESSEE TREATED AS AIRCRAFT OWNER.— ‘‘(i) IN GENERAL.—For purposes of this paragraph, the term ‘aircraft owner’ includes a person who leases the aircraft other than under a disqualified lease. ‘‘(ii) DISQUALIFIED LEASE.—For purposes of clause (i), the term ‘disqualified lease’ means a lease from a person providing aircraft management services with respect to such aircraft (or a related person (within 26 USC 4261. 26 USC 6039H note. 26 USC prec. 6031. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00130 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS