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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