NBAA’s tax publications and related documents on this site are intended to provide you with an introduction to relevant U.S. Federal and state tax rules, Federal Aviation Regulations and other rules that impact business aviation. Since the materials are necessarily general in nature, they are no substitute for the advice of your legal and tax advisors addressing a specific set of facts that you may face.
Coronavirus Update: On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. The act suspends through Jan. 1, 2021, tax on amounts paid for commercial air transportation and air transportation of property. Learn more about the tax implications of the CARES Act.