Blog : Archives
July 25th, 2011
Posted by: admin
Filled in: Aircraft Sales Tax,New Legislation,Other Tax
The Truth About The Dreaded "Corporate Jet Loophole"
October 4th, 2010
Posted by: admin
Filled in: New Legislation
President Obama last week signed the Small Business Jobs Act of 2010 into law, extending two key aircraft-friendly tax provisions for another year. This legislation extends the “bonus depreciation” provisions that have been in place for some time that allow the taxpayer to deduct up to 50% of the purchase price of the plane in [...]
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 [...]
July 9th, 2010
Posted by: admin
Filled in: New Legislation
The Department of Homeland Security has issued a Notice of Proposed Rulemaking (NPR) that would require additional information from private aviators flying into the U.S.
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.
March 22nd, 2010
Posted by: admin
Filled in: New Legislation
What is NextGen in the world of aviation? Modernizing our aircraft infrastructure to 21st century technology. As always, it will take persistence to get such a bold initiative funded, but this is a critical step in improving our county's aviation systems.
February 2nd, 2010
Posted by: admin
Filled in: New Legislation
The GA Community once again avoids the slippery slope of user fees
June 19th, 2009
Posted by: admin
Filled in: New Legislation
On July 10th The U.S. Department of Treasury on Wednesday issued an interim final rule requiring, among other things, that financial institutions receiving funds from the Troubled Asset Relief Program funds adopt policies concerning “excessive or luxury expenditures”. These policies are designed to ensure appropriate review and approval of such expenditures, including the use of [...]