Economics

October 4, 2007 - 6:29am

Since September 11, a growing number of countries are requiring that aircraft overflying or landing at their respective airports carry war-risk insurance.

October 3, 2007 - 10:00am

Pushed by President Bush for legislation intended to stimulate the nation’s economy, Congress has taken action on two bills that may affect the purchase of new aircraft by boosting depreciation deductions. While the bills use the term “qualified property” as eligible for depreciation deductions, new aircraft could possibly fit that definition.

October 3, 2007 - 9:20am

Air charter operators have the opportunity to apply for federal relief as a result of September 11. In discussions with the DOT, the National Air Transportation Association learned that Part 135 companies will be allowed to apply for relief by calculating their available seat miles (ASMs) or revenue ton miles (RTMs) for the time that their operations were grounded after September 11.

September 20, 2007 - 10:24am

Conklin & de Decker (Booth No. 1241) announced the release of its Life Cycle Cost Version 7.2 aircraft budget analysis software, including a new “maintenance cost matrix” that lets users view maintenance costs in five-year increments. The feature provides a better picture of predicted budget adjustments as an aircraft gets older, according to the company.

September 18, 2007 - 11:56am

The House Ways and Means Committee today passed H.R.3539, a tax code modification companion bill to H.R.2881, the House FAA reauthorization legislation. In a victory for general aviation groups, the committee voted to keep airline taxes, including the airline fuel tax, at existing levels. Under the legislation, avgas taxes would increase from 19.3 to 24.1 cents per gallon and the jet-A tax would rise from 21.8 to 35.9 cents per gallon.

August 30, 2007 - 6:46am

If you are thinking of starting a business aviation charter or management company, consider sending as many of your company’s managers as possible to Conklin & de Decker’s Commercial Operators & Management Tax Course. The two-day seminar goes into great depth about the myriad subjects that any charter/management company will eventually encounter.

August 27, 2007 - 5:16am
July 25, 2007 - 5:31am

The tax committee of the NBAA will host two events in conjunction with its 57th annual meeting and convention in Las Vegas in October. The NBAA 13th Annual Tax, Regulatory & Risk Management Conference (previously known as the NBAA Tax Conference) is scheduled for October 10 and 11 at the Las Vegas Hilton.

July 25, 2007 - 4:31am

NBAA, the New York Aviation Management Association and the Aircraft Owners and Pilots Association have lobbied the New York state legislature to review aviation taxing procedures, with an eye toward eliminating the current tax on fuel and services. New legislation has been proposed, known as the New York Senate Aviation Industry Tax Cuts Proposal. The new rule would eliminate the business tax on all jet fuel and 100LL effective next year.

July 23, 2007 - 11:05am

The Senate last week passed the Surface Transportation Reauthorization Act (the “Highway Bill”), which authorizes surface transportation spending through fiscal year 2009. The legislation includes two provisions that could affect business aviation if signed into law, according to NBAA.

 
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