The Administration’s 2024 Tax Proposals: Bad for Business Aviation

NBAA Opposes the Plan – You Can, Too

Updated March 28, 2024

The administration’s rhetoric and regulatory proposals regarding business aviation are raising deep concerns for NBAA and the business aviation community.

• In his March 7 State of the Union address, President Biden referenced troubling new tax proposals for business aviation.
• The President’s comments reflected specific policies for the industry issued by the White House earlier the same day.
• The administration then followed through with onerous proposals in its annual budget plan that single out the industry for punitive tax treatment, including a five-fold fuel tax increase on business aviation, to $1.06 per gallon, and a change to the depreciation schedule for a purchased business aircraft, from 5 years to 7 years.
• The White House agenda includes a sweeping plan unveiled by the IRS for audits on companies using business aircraft, to ensure that “everyone is playing by the same rules.”

NBAA Responds

NBAA has long understood the need for an immediate, forceful response to an attack like this one, and the association has repeatedly denounced the administration’s plans for business aviation.

News outlets including the ABC News, Forbes, The Hill, Politico, Reuters, The Washington Post, and dozens of others have covered NBAA’s comments. NBAA has also banded with seven other aviation and labor organizations in sending a group letter to House and Senate leaders detailing how its proposals would be harmful to the entire general aviation community. The Alliance for Aviation Across America, which represents more than 7,000 grassroots voices, has also mobilized its members.

What You Can Do

It is imperative that NBAA members echo the association’s message, because Congress will ultimately consider any changes to aircraft taxes or depreciation schedules the administration might offer. Here are four steps you can take.

Mobilize With NBAA’s Grassroots Action Center

Tell Congress today to stand up for business aviation and the economy! NBAA’s Grassroots Action Center allows you to send a customizable message to your Senators and House Representative. It only takes minutes to send a message. There is strength in numbers, so please take action and share with your network. We need Congress to hear your voice today!

Share the Message on Social Media

Help NBAA set the record straight on business aviation’s value by sharing these graphics with your network on social media. This is an industry that should be promoted, not pilloried. Be sure to use #bizavworks.

Attend the 2024 NBAA Business Aviation Taxes Seminar

May 15, 2024 in Dallas, TX, the NBAA Business Aviation Taxes Seminar will have the latest information on the administration’s proposals, as well as strategies to identify and address tax and regulatory issues involved in business aviation operations and transactions.

Get the Facts

NBAA’s website is an authoritative source on tax policies, SEC regulations and other requirements for business aircraft utilization. Review NBAA’s tax resources, including the following:

• NBAA’s Federal Tax Resource
• NBAA’s State Tax Resource
• NBAA’s SEC Compliance Considerations
• NBAA’s Personal Use of Business Aircraft Handbook
• Valuing Non-Business Flights

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