### Question
How does RETAIL EXCISE TAXES define fractional owner?


### Answer
Under *26 U.S.C. § 4043*, **fractional owner** is defined as:

> any person owning any interest (including the entire interest) in a fractional program aircraft

#### Citation:
  - *26 U.S.C. § 4043*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 31-RETAIL EXCISE TAXES > Subchapter B-Special Fuels**

