NBAA, NATA Seek Clarity on Excise Tax Exemption in Detailed Comments to IRS

While the proposed rulemaking addressed several industry concerns regarding implementation of the exemption, NBAA and NATA requested additional modifications to ensure the final regulations accurately reflect the structure of aircraft management arrangements and are consistent with the congressional intent of the exemption.
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NBAA GO Sessions to Offer Best Practices for Aviation Tax & Transactions

NBAA has announced an upcoming series of GO virtual professional development seminars addressing common questions and concerns surrounding aircraft transactions, ownership structures and taxation, including the ramifications from COVID-19 pandemic.
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Business Aviation’s First Sustainability Summit Highlights Focus Areas for Sustainable-Fuels Growth

The summit was the latest in a series of efforts by the industry to encourage greater production and use of SAF, a cleaner-burning fuel that can reduce net lifecycle carbon emissions 50% or more compared to conventional jet fuel, and would help the industry go further, faster in reducing business aviation’s already low carbon footprint.
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