Taxation

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 17, 2006 - 10:01am

Republican lawmakers have taken steps to shelve new tax rules in the 2005 Highway Bill designed to discourage truckers from using jet fuel to avoid higher taxes on diesel fuel. Sens. Ted Stevens (R-Alaska) and Conrad Burns (R-Mont.) and Rep. Robin Hayes (R-N.C.) sent letters to U.S.

October 5, 2006 - 10:42am

If the provision is accepted by the House and the bill signed by the President, all aviation fuel will be taxed at the same rate as highway diesel fuel–24.4 cents per gallon. The purchaser would then have to submit a claim to the Internal Revenue Service to receive the difference between the 24.4 cents paid and the 21.8 cents per gallon actually owed.

October 2, 2006 - 2:35pm

— The Senate and the House closed up shop at the end of July for their customary August vacation. By that time, legislators had introduced 1,552 bills in the Senate and 3,615 in the House of Representatives, a near record. At press time Congress had passed only two of the 13 annual spending bills as the September 30 deadline approached.

October 2, 2006 - 4:59am

Although the FAA is not yet advocating new taxes or user fees, the agency continues to emphasize that it needs a consistent, stable revenue stream that is not tied to the price of an airline ticket.

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 26, 2006 - 2:12pm

Taxes–when, where, how and why they must be paid–and how to avoid them captured a major share of attention among the users and providers of business aircraft transportation attending the fifth annual Conklin & de Decker aircraft acquisition planning seminar in Scottsdale, Ariz., this fall.

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.

August 18, 2006 - 5:59pm

“Business aviation should support the shift to user fees,” urged Reason Foundation director of transportation studies Robert Poole, “if it is part of a comprehensive reform of ATC.” He said user fees would enable the costly switch to a “network-centric” (more technology-based) ATC system that in his view would offset increased costs with potential savings from increased flying efficiency and fewer delays.

 
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