Public finance

August 15, 2011 - 5:25am
U.S. Secretary of Defense Leon Panetta and Navy Admiral Mike Mullen, chairman...

Defense spending cuts of some $350 billion over the next decade contained in the new debt-limit legislation passed by the U.S. Congress correspond with the numbers expected from an earlier goal advanced by President Obama. But the Pentagon leadership described the potential of $600 billion more in automatic spending cuts as disastrous.

April 12, 2011 - 10:30am

ACSF Seeks Support for Single Audit Safety Standard

March 24, 2011 - 12:18pm

The UK government signaled its intention yesterday to start taxing business-jet passengers in a process that would mirror the country’s existing airline passenger duty (APD). A decision on the proposed per-passenger tax will be made in June, and if approved could be implemented as soon as this fall. What remains unclear is whether the tax would apply only to charter flights and what exemptions might be allowed.

May 10, 2010 - 5:53am

The recently passed Senate FAA reauthorization bill eliminates the so-called fuel fraud tax that has been causing major annoyance and expense for U.S. FBOs, according to the National Air Transportation Association. The bill does increase fuel taxes to 36 cents from 22 cents per gallon.

April 30, 2010 - 6:46am

NBAA applauded the Washington State legislature’s decision to scuttle a provision for an “onerous” tax proposal for aircraft in its annual spending bill. To oppose the tax hike, NBAA banded with other groups–including the Pacific Northwest Business Aviation Association, AOPA and the Washington Pilots Association–to form a unified grassroots coalition known as the Washington Aviation Coalition.

March 30, 2010 - 8:01am

At press time, NBAA and other aviation alphabet groups continued to fight a proposed bill in the Washington state legislature that would impose a 0.5-percent excise tax on aircraft in the state. House Bill 3176 and accompanying Senate Bill 6873 would base this annual tax on the most recent sales price, depreciated via a state-mandated schedule.

February 25, 2010 - 10:05am

NBAA issued a call to action to oppose a proposed bill in the Washington state legislature that would impose a 0.5-percent excise tax on aircraft in the state. House Bill 3176 (HB 3176) and accompanying Senate Bill 6873 (SB 6873) would impose this annual tax, according to the most recent sales price, depreciated via a state-mandated schedule.

January 23, 2008 - 4:35am

Judging by a recently published U.S. General Accounting Office study on the effectiveness of government support for small community air service, subsidy proponents face an uphill battle against the Bush Administration’s proposal to cut EAS funding from $113 million to $50 million and eliminate the Small Community Air Service Development pilot program for fiscal year 2004.

January 23, 2008 - 4:35am

Judging by a recently published U.S. General Accounting Office study on the effectiveness of government support for small community air service, subsidy proponents face an uphill battle against the Bush Administration’s proposal to cut EAS funding from $113 million to $50 million and eliminate the Small Community Air Service Development pilot program for fiscal year 2004.

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.

 
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