PUBLIC LAW 105-2—FEB. 28, 1997 111 STAT. 7 liquid purchased on or after such tax effective date for such use, or (B) aviation fuel held by any person on the tax effective date exclusively for any use described in section 4092(b) of such Code. (5) EXCEPTION FOR CERTAIN AMOUNTS OF FUEL.— (A) IN GENERAL. —No tax shall be imposed by paragraph (1) on any aviation liquid held on the tax effective date by any person if the aggregate amount of such liquid (determined separately for aviation gasoline and aviation fuel) held by such person on such date does not exceed 2,000 gallons. The preceding sentence shall apply only if Applicability, such person submits to the Secretary (at the time and in the manner required by the Secretary) such information as the Secretary shall require for purposes of this paragraph. (B) EXEMPT FUEL.—Any liquid to which the tax imposed by paragraph (1) does not apply by reason of paragraph (4) shall not be taken into account under subparagraph (A). (C) CONTROLLED GROUPS.— For purposes of this paragraph— (i) CORPORATIONS.— (I) IN GENERAL.—All persons treated as a controlled group shall be treated as 1 person. (II) CONTROLLED GROUP.— The term "controlled group" has the meaning given such term by subsection (a) of section 1563 of such Code; except that for such purposes, the phrase "more than 50 percent" shall be substituted for the phrase "at least 80 percent" each place it appears in such subsection. (ii) NONINCORPORATED PERSONS UNDER COMMON CONTROL.— Under regulations prescribed by the Secretary, principles similar to the principles of clause (i) shall apply to a group of persons under common control where 1 or more of such persons is not a corporation. (6) OTHER LAWS APPLICABLE. — All provisions of law, including penalties, applicable with respect to the taxes imposed by section 4081 or 4091 of such Code shall, insofar as applicable and not inconsistent with the provisions of this subsection, apply with respect to the floor stocks taxes imposed by paragraph (1) to the same extent as if such taxes were imposed by such section 4081 or 4091, as the case may be. (e) EFFECTIVE DATES.— (1) FUEL TAXES.— The amendments made by subsection (a) shall apply to periods beginning on or after the 7th day after the date of the enactment of this Act. (2) TICKET TAXES. — (A) IN GENERAL.—The amendments made by subsection (b) shall apply to transportation beginning on or after such 7th day. (B) EXCEPTION FOR CERTAIN PAYMENTS.— Except as provided in subparagraph (C), the amendments made by subsection (b) shall not apply to any amount paid before such 7th day. Regulations. Applicability. 26 USC 4041 note. 26 USC 4261 note.