The Tax Committee’s efforts are focused on federal and state tax policies that impact the ownership and operation of business aircraft. The Committee works with the IRS, Treasury Department, SEC, and state tax authorities on key policy issues for business aviation.
The Tax Committee has formed several internal working groups by subject matter expertise:
- Aircraft Transactions
- State Taxes
- Tools & Resources
David Hernandez, Vedder Price (Chair)
Ryan DeMoor, MySky (Vice Chair)
Lori McGee, Jetstream Aviation Law, P.A. (Secretary)
Benjamin Schwalen, NBAA Staff Liaison
NBAA members may also review the full committee roster.
Information & Resources
NBAA Tax, Regulatory & Risk Management Conference — This two-day conference is designed to provide a basis for understanding how the appropriate tax laws apply to a particular aviation operation. It covers issues such as aircraft registration, ownership options, leasing options, application of the FARs, enforcement, and insurance.
NBAA Business Aviation Taxes Seminar — This one-day seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators.
Summary of Recent Action
- Advised NBAA staff and its members on IRS, SEC, FAA and DOT regulatory matters.
- Urged the IRS to take action on critical tax issues affecting business aircraft owners and operators, through formal written comments, oral testimony, and meetings with regulators at IRS and Treasury.
- Educated business aircraft owners, operators, and their advisors:
- Hosted the annual NBAA Tax, Regulatory & Risk Management Conference
- Promoted risk-management concepts, worked to raise the industry’s awareness of this topic from a financial and insurance perspective
- Wrote, updated, and published tax and regulatory best practices for NBAA members, including the Personal Use of Aircraft Handbook.
- Produced educational articles for members on tax, regulatory and insurance topics.
- Educated NBAA members about the tax implications of the CARES Act and other COVID-19 relief measures.