- aircraft museum
means an organization—
- commercial waterway transportation
means any use of a vessel on any inland or intracoastal waterway of the United States—
- dry-lease aircraft exchange
means an agreement, documented by the written program agreements, under which the fractional program aircraft are available, on an as needed basis without crew, to each fractional owner.
- energy equivalent of a gallon of diesel
means, with respect to a liquefied natural gas fuel, the amount of such fuel having a Btu content of 128,700 (lower heating value).
- energy equivalent of a gallon of gasoline
means, with respect to a liquefied petroleum gas fuel, the amount of such fuel having a Btu content of 115,400 (lower heating value).
- first retail sale
means the first sale, for a purpose other than for resale or leasing in a long-term lease, after production, manufacture, or importation.
- fractional owner
means any person owning any interest (including the entire interest) in a fractional program aircraft.
- fractional ownership aircraft program
means a program under which—
- fractional ownership interest
means—
- fractional program aircraft
means, with respect to any fractional ownership aircraft program, any aircraft which—
- inland or intracoastal waterway of the United States
means any inland or intracoastal waterway of the United States which is described in section 206 of the Inland Waterways Revenue Act of 1978.
- long-term lease
means any lease with a term of 1 year or more.
- minimum fractional ownership interest
means, with respect to each type of aircraft—
- nonprofit educational organization
means an educational organization described in section 170(b)(1)(A)(ii) which is exempt from income tax under section 501(a).
- off-highway business use
has the meaning given to such term by section 6421(e)(2);
- partially exempt methanol or ethanol fuel
means any liquid at least 85 percent of which consists of methanol, ethanol, or other alcohol produced from natural gas.
- person
includes the United States, a State, a political subdivision of a State, or any agency or instrumentality of any of the foregoing.
- presumed markup percentage
means the average markup percentage of retailers of articles of the type involved, as determined by the Secretary.
- qualified fractional owner
means any fractional owner which has a minimum fractional ownership interest in at least one fractional program aircraft.
- qualified methanol or ethanol fuel
means any liquid at least 85 percent of which consists of methanol, ethanol, or other alcohol produced from coal (including peat).
- related person
means any person who is a member of the same controlled group (within the meaning of section 5061(e)(3)) as the manufacturer, producer, or importer.