Originally Posted by
ND Sol
I think that you can keep on looking because that tax credit does not exist. Hard to prove a negative. Search through the Internal Revenue Code, because that is where it should be.
In addition, a tax credit doesn't do much good if you have a net loss, which was the case for almost all airlines in the years immediately following 9/11.
As a tax law expert and government paid author of numerous tax forms and publications, I can guarantee you that there is NO tax credit, deduction, or benefit of ANY kind for providing free seats to FAMs.
A tax credit with a carryback or carryforward provision can be of benefit to an airline with current year losses if they eventually are profitable.