Blog : Archives

Year End 100% Bonus Depreciation

November 14th, 2011
Posted by: admin
Filled in: Aircraft Business,Aircraft Income Tax Rules,Aircraft Sales Tax,Legal Resources

As the holidays approach our thoughts become preoccupied with but one thing: how can I purchase an aircraft and write off 100% of the cost basis in the first year? Well, perhaps not for everyone, but here’s what you need to know: if you purchase an aircraft and place it in service by December 31, [...]


On “Corporate Jet Loopholes” and other silly titles

July 25th, 2011
Posted by: admin
Filled in: Aircraft Sales Tax,New Legislation,Other Tax

The Truth About The Dreaded "Corporate Jet Loophole"


General Aviation Caucus Lobbies For New York GA Competitiveness

August 25th, 2010
Posted by: admin
Filled in: Aircraft Sales Tax,New Legislation,Other Tax

New York, like Florida, may be beginning to draw back from policies that punish general aviation in the state. Aircraft buyers routinely go to Connecticut, which does not charge sales tax on larger aircraft, in order to save considerable sales tax upon purchase. While aircraft rentals are subject to use tax when returned and based [...]


NBAA’s Handy State Tax Guide

July 22nd, 2010
Posted by: admin
Filled in: Aircraft Sales Tax,Legal Resources

NBAA members can access a handy state-by-state summary of aircraft sales and use tax laws. NBAA created this by sending surveys asking specific, practical questions of state departments of revenue. Be sure to consult a qualified aviation tax advisor prior to making any final decisions, however, to be sure that the information you use for your tax planning decisions reflects all recent legal developments.


Common Sense Prevails in Florida

May 5th, 2010
Posted by: admin
Filled in: Aircraft Sales Tax,New Legislation

The Florida legislature passes legislation permitting new aircraft owners to visit Florida for 21 days without threat of sales or use tax.


Washington State Legislature Moves Closer To Taxing Aircraft

February 15th, 2010
Posted by: admin
Filled in: Aircraft Sales Tax

The Washington State Legislature moves towards suspeding a voter initiative that keeps taxes, including on aircraft, low.


Aircraft Sales and Use Tax – The States Take a Bite

May 13th, 2009
Posted by: admin
Filled in: Aircraft Sales Tax

Why Are The States Punishing General Aviation?


What’s New In Florida Sales and Use Tax

March 29th, 2009
Posted by: admin
Filled in: Aircraft Sales Tax

The Latest on Florida Sales and Use Tax - Good Attorneys At Law, P.A.