115 STAT. 236 PUBLIC LAW 107-42 —SEPT. 22, 2001 (1) by redesignating subsections (b) and (c) as subsections (c) and (d), respectively; and (2) by inserting after subsection (a) the following: "(b) ALLOWANCES IN SETTING PREMIUM RATES FOR REINSUR- ANCE.— In setting premium rates for reinsurance, the Secretary may make allowances to the insurance carrier for expenses incurred in providing services and facilities that the Secretary considers good business practices, except for payments by the air carrier for the stimulation or solicitation of insurance business.". (e) CONFORMING AMENDMENT. —Section 44305(b) of such title is amended by striking "44302(b)" and inserting "44302(c)". 49 USC 40101 SEC. 202. EXTENSION OF PROVISIONS TO VENDORS, AGENTS, AND SUB- °ote. CONTRACTORS OF AIR CARRIERS. Notwithstanding any other provision of this title, the Secretary may extend any provision of chapter 443 of title 49, United States Code, as amended by this title, and the provisions of this title, to vendors, agents, and subcontractors of air carriers. For the 180- day period beginning on the date of enactment of this Act, the Secretary may extend or amend any such provisions so as to ensure that the entities referred to in the preceding sentence are not responsible in cases of acts of terrorism for losses suffered by third parties that exceed the amount of such entities' liability coverage, as determined by the Secretary. TITLE III—TAX PROVISIONS 49 USC 40101 SEC. 301. EXTENSION OF DUE DATE FOR EXCISE TAX DEPOSITS; TREAT- note. MENT OF LOSS COMPENSATION. (a) EXTENSION OF DUE DATE FOR EXCISE TAX DEPOSITS.— (1) IN GENERAL.—In the case of an eligible air carrier, any airline-related deposit required under section 6302 of the Internal Revenue Code of 1986 to be made after September 10, 2001, and before November 15, 2001, shall be treated for purposes of such Code as timely made if such deposit is made on or before November 15, 2001. If the Secretary of the Treasury so prescribes, the preceding sentence shall be applied by substituting for "November 15, 2001" each place it appears— (A) "January 15, 2002"; or (B) such earlier date after November 15, 2001, as such Secretary may prescribe. (2) ELIGIBLE AIR CARRIER.— For purposes of this subsection, the term "eligible air carrier" means any domestic corporation engaged in the trade or business of transporting (for hire) persons by air if such transportation is available to the general public. (3) AIRLINE-RELATED DEPOSIT.—For purposes of this subsection, the term "airline-related deposit" means any deposit of— (A) taxes imposed by subchapter C of chapter 33 of such Code (relating to transportation by air); and (B) taxes imposed by chapters 21, 22, and 24 with respect to employees engaged in a trade or business referred to in paragraph (2). (b) TREATMENT OF LOSS COMPENSATION.— Nothing in any provision of law shall be construed to exclude from gross income under
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