Blog : Archives

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"


Bonus Depreciation Extended

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 [...]


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 [...]


Additional eAPIS Reporting Requirements – Department of Homeland Security

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.


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.


What is NextGen? Are We Moving Forward?

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.


General Aviation 1, User Fees 0

February 2nd, 2010
Posted by: admin
Filled in: New Legislation

The GA Community once again avoids the slippery slope of user fees


US TREASURY ISSUES INTERIM RULE FOR USE OF COMPANY AIRCRAFT AS “LUXURY EXPENDITURES”

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 [...]