Political economy

March 15, 2007 - 7:46am

California has amended its aircraft sales and use tax law, essentially closing a loophole that allowed buyers of aircraft and other big-ticket items to escape paying sales taxes.

November 29, 2006 - 6:26am

If you buy, sell or operate aircraft in Europe and have been liable to EU value added tax (VAT), a chat with Lasse Rungholm could help you to save lots of money. You will find Rungholm by a beautifully maintained Beech 18 on the ramp, which OPM Aviation Services (OPMAS) acquired a month ago and flew here from its Aarhus, Denmark headquarters to publicize the company.

November 13, 2006 - 10:16am

Canada's private, user-fee-based ATC system–Nav Canada–believes that general aviation operators are double-charged for use of Canada's aviation infrastructure and that fuel excise taxes should be reduced.

October 18, 2006 - 5:41am

A letter from the Internal Revenue Service (IRS) can cause any taxpayer’s heart to skip a beat. For aircraft operators, whose main focus of government compliance is the FAA, it can be easy to overlook the many nuances of the federal and state tax codes to ensure all taxes are being paid.

October 9, 2006 - 5:52am

At press time, the Internal Revenue Service had yet to officially publish IRS Notice 2005-45, Deductions for Entertainment Use of Business Aircraft. This notice is intended to provide aircraft operators guidance on revised rules for computing the deductible amount of expenses for personal use of a corporate aircraft.

September 26, 2006 - 2:15pm

Conklin & de Decker part owner Nel Sanders-Stubbs, for years the NBAA’s prime source of tax knowledge and expertise, gave Conklin & de Decker aircraft acquisition planning seminar attendees some insights on what to expect in the way of federal passenger excise taxes as well as state sales, use and registration levies.

September 14, 2006 - 6:17am

New York’s state Senate passed legislation (S.3655) sponsored by Sen. Bill Larkin (R-Croton-on-Hudson) to provide a sales and use tax exemption on general aviation airplanes to be operated under Part 91 and purchased in the state. The exemption, if passed by the state’s Assembly and signed by the governor, would go into effect on December 1.

September 11, 2006 - 6:47am

Canada’s private, user-fee-based ATC system–Nav Canada–believes that general aviation operators are double-charged for use of Canada’s aviation infrastructure and that fuel excise taxes should be reduced.

August 18, 2006 - 6:01pm

Canada’s private, user-fee-based ATC system–Nav Canada–believes that general aviation operators are double-charged for use of Canada’s aviation infrastructure and that fuel excise taxes should be reduced.

 
X