Tax

May 21, 2008 - 11:10am

Business aviation operations in Arizona stand to benefit from new legislation that returns certain aviation tax revenues to the state’s airport improvement programs. Arizona governor Jane Dee Hull signed SB1251 into law on May 2, authorizing the deposit of 100 percent of flight property tax revenues into the state aviation fund starting in fiscal year 2004.

May 20, 2008 - 12:51am

Value Added Tax (VAT) and import duties for aircraft currently stand at zero percent in Denmark. This allows international operators to escape tax by basing their aircraft in Denmark. However, zero-rated VAT is in contradiction with European law and pressure is mounting on Danish legislators to adjust their taxes upward.

May 15, 2008 - 7:04am

Valued-added taxes (VAT) may now amount to 25 percent of a jet fuel purchase in some parts of Europe. But that’s the bad news. The good news is that in most cases this tax may be refunded, as may VAT levied on many other business-
related goods and service expenses incurred by company employees traveling abroad.

April 29, 2008 - 10:07am

Prodded by perceived FAA failings and the threat of summer air travel delays, the Senate Transportation and Finance Committees reached agreement late last week on how to fund the FAA for the next four years. If the bill is approved by the full Senate today, it is expected to keep avgas taxes at the current rate of 19.3 cents per gallon but increase jet fuel taxes to 36 cents per gallon, up from 21.8 cents.

April 21, 2008 - 11:01am

The Russian government is considering softening the import tax requirements for business jets and certain types of on-board and airport equipment not produced domestically, according to Valery Voskoboinikov, deputy head of the Russian state agency Rosaviacosmos.

February 6, 2008 - 4:37am

Conklin & de Decker last month released the 2008 State Tax Guide for General Aviation. The guide contains the latest taxes and fees for all 50 states, as well as sales and use tax applicable to aircraft sales, ownership, lease, parts and labor.

February 6, 2008 - 4:37am

Conklin & de Decker last month released the 2008 State Tax Guide for General Aviation. The guide contains the latest taxes and fees for all 50 states, as well as sales and use tax applicable to aircraft sales, ownership, lease, parts and labor.

December 19, 2007 - 11:41am

Echoing a refrain that has been sung around Washington for years, Air Transport Association president and CEO James May reiterated recently that the airlines have been subsidizing general aviation, business aviation and government users of the civil aviation system for years, and he called for a sweeping reform of tax policies.

December 7, 2007 - 5:34am

A plan implemented last year to offset the city and county tax burden on airplane owners at Pitt-Greenville (N.C.) Airport has attracted more aircraft owners to the airport. The Greenville City Council and Pitt County Board of Commissioners each unanimously voted to continue funding this year for a stimulus plan that provides about $150,000 in credits to aircraft owners. The two governments will split the cost equally.

October 31, 2007 - 11:58am

The Senate Finance Committee has approved a bill that would repeal the onerous “fuel fraud” provision enacted into law as part of the 2005 Highway Bill. Although the law dealt with surface transportation, it contained a provision that aviation jet fuel taxes be collected at the highway diesel fuel rate of 24.4 cents per gallon as opposed to the aviation rate of 21.9 cents per gallon.

 
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