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          2023 NBAA PDP Course: Practical Business and General Aviation Leadership and Influencing Skills
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          Strategic Planning That Really Works – The Plan to Excel Model™ Planning for the team’s future is one of a leader’s most important responsibilities. A solid plan makes it...
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          Hartford, CT

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          Located at the magnificent Palexpo in Geneva, Switzerland and the Geneva International Airport, EBACE2023 will be the place to engage with companies that are paving a new way in the business aviation marketplace.

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          2023 NBAA Business Aviation Taxes Seminar
          June 8, 2023
          Chicago, IL

          The NBAA Business Aviation Taxes Seminar provides a comprehensive understanding of how the appropriate tax laws and regulations apply exclusively to business aviation operators.

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          White Plains, NY

          NBAA’s 2023 White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event.

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          Oct. 15-16, 2023
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          Oct. 17-19, 2023
          Las Vegas, NV

          The 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) will return to Las Vegas, NV from October 17-19. Save the date and make plans to attend the biggest and most productive event of the year for business aviation.

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          Feb. 06-8, 2024
          Palm Springs, CA

          Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference.

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          March 12-15, 2024
          Fort Worth, TX

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          2024 NBAA Maintenance Conference
          April 30 - May 2, 2024
          Portland, OR

          The 2024 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance – from technicians to directors of maintenance. Stay up-to-date on the latest operational information critical to your job and connect with over 900 fellow peers.

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          2024 European Business Aviation Convention & Exhibition (EBACE2024)
          May 28-30, 2024
          Geneva, Switzerland

          Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more.

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          2025 NBAA Schedulers & Dispatchers Conference (SDC2025)
          March 11-14, 2025
          Portland, OR

          If you’re interested in elevating your career to the next level, look no further than SDC2025. You’ll learn current best practices and trends from industry experts and fellow attendees through top-level education sessions and critical peer-to-peer networking to help you work smarter, not harder in the year ahead.

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          2025 European Business Aviation Convention & Exhibition (EBACE2025)
          May 20-22, 2025
          Geneva, Switzerland

          Attend EBACE2025 to learn how new advanced aviation technologies will impact your business and which innovations can help make your business more profitable and sustainable.

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          2026 NBAA International Operators Conference (IOC2026)
          March 2-4, 2026
          San Diego, CA

          Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world.

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          2026 European Business Aviation Convention & Exhibition (EBACE2026)
          June 2-4, 2026
          Geneva, Switzerland

          EBACE2026 will bring together business leaders, government officials, manufacturers, flight department personnel, avionics firms, fractional providers, charter/lease companies and all manner of people involved in nearly every aspect of business aviation.

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          2027 European Business Aviation Convention & Exhibition (EBACE2027)
          May 25-27, 2027
          Geneva, Switzerland

          EBACE2017 will bring buyers and sellers together as Europe’s premier event dedicated to showcasing business aviation products and services.

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          Feb. 13-15, 2023
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          2023 NBAA Leadership Conference
          Feb. 27 - March 1, 2023
          Charlotte, NC

          Held Feb. 27 to March 1 in Charlotte, NC, the 2023 NBAA Leadership Conference will bring the business aviation community together to exemplify how leaders can deliver excellence while maintaining a healthy work-life balance.

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          2023 NBAA Maintenance Conference
          May 2-4, 2023
          Hartford, CT

          The 2023 NBAA Maintenance Conference provides vital education and networking opportunities for anyone involved in business aircraft maintenance – from technicians to directors of maintenance.

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          June 8, 2023
          Chicago, IL

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          2023 NBAA Tax, Regulatory & Risk Management Conference
          Oct. 15-16, 2023
          Las Vegas, NV

          The 2023 NBAA Tax, Regulatory & Risk Management Conference is the premier conference for attorneys, CPAs, financial advisors, CFOs and flight operations professionals looking for tax planning strategies from industry leaders.

          See More
          2024 NBAA Leadership Conference
          Feb. 06-8, 2024
          Palm Springs, CA

          Surround yourself with like-minded business aviation professionals looking to further cultivate their leadership skills at the 2024 Leadership Conference.

          See More
          2024 NBAA Schedulers & Dispatchers Conference (SDC2024)
          March 12-15, 2024
          Fort Worth, TX

          The 2024 NBAA Schedulers & Dispatchers Conference offers the opportunity for attendees to further their professional development through up-to-date education sessions and a wide variety of networking events.

          See More
          2025 NBAA Schedulers & Dispatchers Conference (SDC2025)
          March 11-14, 2025
          Portland, OR

          If you’re interested in elevating your career to the next level, look no further than SDC2025. You’ll learn current best practices and trends from industry experts and fellow attendees through top-level education sessions and critical peer-to-peer networking to help you work smarter, not harder in the year ahead.

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          Opa-locka, FL

          NBAA’s 2023 Miami-Opa locka Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event.

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          2023 NBAA White Plains Regional Forum
          June 14, 2023
          White Plains, NY

          NBAA’s 2023 White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event.

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          Geneva, Switzerland

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          See More
          2024 European Business Aviation Convention & Exhibition (EBACE2024)
          May 28-30, 2024
          Geneva, Switzerland

          Attend EBACE2024 to experience new and future-forward aviation technologies including high-tech small aircraft, ultra-modern intercontinental jets, advanced air mobility and eVTOL aircraft, state-of-the-art avionics and much more.

          See More
          2025 European Business Aviation Convention & Exhibition (EBACE2025)
          May 20-22, 2025
          Geneva, Switzerland

          Attend EBACE2025 to learn how new advanced aviation technologies will impact your business and which innovations can help make your business more profitable and sustainable.

          See More
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          March 2-4, 2026
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          Gather with other operators for up-to-the minute information to support aircraft operations in regions around the world.

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          June 2-4, 2026
          Geneva, Switzerland

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          See More
          2027 European Business Aviation Convention & Exhibition (EBACE2027)
          May 25-27, 2027
          Geneva, Switzerland

          EBACE2017 will bring buyers and sellers together as Europe’s premier event dedicated to showcasing business aviation products and services.

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Home > Flight Department Administration > Tax Issues > Federal Taxes

Federal Taxes

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2017 Tax Cuts and Jobs Act

2017 Tax Cuts and Jobs Act

Passed into law in December 2017, the Tax Cuts and Jobs Act (TCJA) has implications for business aircraft owners and operators. In addition to lowering the corporate tax rate to 21 percent, the TCJA provides for immediate expensing of capital investments, repeals like-kind exchanges and makes a host of other changes that impact business aviation.

Federal Excise Taxes (FET)

Federal Excise Taxes (FET)

Both private and commercial business aircraft operators pay Federal excise taxes (FET) either on fuel or on the transportation of persons or property. Learn about FET applicability, current tax rates, and best practices for collecting and remitting the tax.

Depreciation

Depreciation

In-depth resources on the applicable depreciation schedules for business aircraft and issues such as the deductibility of heavy maintenance.

News

NBAA, Coalition Urge IRS to Resolve Questions About SAF Tax Credit Programs Dec. 7, 2022
NBAA joined with a coalition of dozens of aviation stakeholders in submitting comments to the IRS on implementation of the upcoming sustainable aviation fuel blenders tax credit and clean fuel production credit.
NBAA Member Resource: Bonus Depreciation Entering Annual Phasedown in 2023 Dec. 5, 2022
With the phasedown of bonus depreciation beginning in 2023, NBAA’s Tax Committee has prepared a members-only resource to help answer questions with respect to claiming bonus depreciation during the phasedown period.
Bonus Depreciation Entering Annual Phasedown in 2023 Nov. 23, 2022
This NBAA members-only resource, developed by members of the NBAA Tax Committee, provides an overview on claiming bonus depreciation during the phasedown period that begins in 2023.
Podcast: The Importance of Year-End Tax Planning Oct. 31, 2022
Upcoming changes for the tax treatment of business aviation operations, including the phaseout of bonus depreciation, along with the end to tax reductions from the Tax Cut and Jobs Act of 2017, highlight the need for operators to reassess their tax strategies.
NBAA Tax Conference Examines Non-Business Use of Aircraft Oct. 16, 2022
Participants at the 2022 NBAA Tax, Regulatory & Risk Management Conference discussed the proper classification of each person onboard flights for business use, business entertainment use, personal entertainment use or personal non-entertainment use. These classifications are crucial to determine deductions or disallowances and applicable Standard Industry Fare Level costs.
Will Looming Tax Changes Doom the Bullish Business Aircraft Market? Oct. 16, 2022
Participants at the 2022 NBAA Tax, Regulatory & Risk Management Conference discussed factors that may dampen market enthusiasm, including the scaling back of several pro-business policies implemented under the 2018 Tax Cuts and Jobs Act and the 2020 CARES Act.
NBAA Joins Business Effort to Reverse Harmful R&D Tax Policy Change Oct. 15, 2022
NBAA has signed on to a letter urging congressional leaders to reverse a change in the tax code that will make it more difficult for businesses to deduct research and development (R&D) expenses, warning that the change “threatens jobs and innovation in America.
Operational Changes Can Have Broad Impacts Oct. 15, 2022
When acquiring a new aircraft or contemplating a change to your current aircraft’s operations, consider the tax, regulatory and risk impacts of those changes.
Latest Tax, Regulatory Changes Detailed in NBAA’s Personal Use of Business Aircraft Handbook July 27, 2022
NBAA has released a comprehensive update to its Personal Use of Business Aircraft Handbook, which provides valuable tax and regulatory compliance strategies when a company makes an aircraft available for non-business use.
Aircraft Operators Need to Comply With Both FAA and IRS Regs June 2, 2022
Tax and legal experts will share cost sharing and reimbursement options and limitations associated with aircraft operated under Parts 91 and 135 during the June 21 NBAA Business Aviation Tax Seminar in White Plains, NY.
IRS Provides Continued Flexibility on SIFL Rates Oct. 21, 2021
The IRS will continue to allow taxpayers to use alternative Standard Industry Fare Level rates for the second half of 2021, from July 1 to Dec. 31, 2021.
IRS Releases Guidance on Entertainment Disallowance for Sole Proprietors Sept. 17, 2021
In this members-only resource, NBAA Tax Committee member John Hoover explains the impact of the April 2, 2021 IRS chief counsel advice memorandum for sole proprietor structures and discusses reasonable allocation methods for mixed-purpose flights.
Alternative SIFL Rates Available Thanks to NBAA Advocacy June 21, 2021
NBAA advocacy led to the IRS announcing that alternative Standard Industry Fare Level rates for the first half of 2021 can be used by operators due to the significant COVID-19-related impacts on the standard rates.
Improving the Commuting Disallowance Rule June 3, 2021
An IRS rule addresses concerns regarding disallowance of deductions for commuting.
NBAA Supports Legislation to Make Immediate Expensing Permanent April 21, 2021
NBAA applauds Sen. Pat Toomey (R-PA) and Rep. Jodey Arrington (R-19-TX) for reintroducing the Accelerate Long-Term Investment Growth Now (ALIGN) Act.
FET Final Rule a Win for Industry April 12, 2021
The final rule affirms that owner trust arrangements, used to register thousands of business aircraft for regulatory compliance purposes, are covered by the FET exemption.
NBAA Resource Helps Members Navigate Tax Regulations on Meals and Entertainment April 2, 2021
NBAA members now have access to an important resource to help them interpret the impact on business aviation of IRS regulations on business meals and entertainment expenses.
NBAA Seeks Clarity on IRS Rules for Commuting Deductions Feb. 5, 2021
NBAA is seeking clarification from the IRS on final regulations implementing provisions in the Tax Cuts and Jobs Act, which eliminated employer deductions for qualified transportation fringe benefits and certain other transportation and commuting benefits.
NBAA, NATA Urge IRS to Provide Guidance on FET Collection and Liability Feb. 1, 2021
NBAA and NATA asked the IRS to continue the reform of federal excise tax regulations by addressing unclear and confusing rules covering the collection responsibilities for air charter operators and brokers.
Podcast: What the New IRS FET Rule Means for Business Aviation Jan. 25, 2021
A recently issued IRS final rule clarifies the applicability of federal excise taxes to management companies and aircraft owners and prevents the improper and retroactive application of FET charges.
NBAA News Hour: Determining the Impact of New Federal Excise Tax Rules Jan. 21, 2021
Experts from the NBAA Tax Committee noted in a recent NBAA News Hour webinar that taxpayers must carefully review FET rules to determine how they apply to specific aircraft ownership and operating structures.
NBAA’s Updated Federal Excise Taxes Guide Incorporates Changes for 2021 Jan. 5, 2021
NBAA has released an updated Federal Excise Taxes Guide to help taxpayers understand how federal excise taxes apply to this year’s business aircraft activity. It also includes topics such as FET on fractional aircraft.
Bonus Depreciation Key to Incentivizing Aircraft Transactions Dec. 8, 2020
Through bonus depreciation, also known as immediate expensing, taxpayers placing qualifying property into service, including business aircraft, can continue to deduct the full cost of their investment in new and used property in the first year of operation.
VBACE Tax Session Stresses Planning for an Aircraft Acquisition Dec. 2, 2020
Planning is key to navigating the complexities of any aircraft purchase and avoiding the potential of costly errors, tax experts explained during the NBAA GO Virtual Business Aviation Convention & Exhibition.
Entire NBAA GO Virtual Aviation Tax & Transactions Review Now Available Oct. 28, 2020
The final live session of the NBAA GO Virtual Aviation Tax & Transactions Review took place Oct. 27, 2020, and focused on the CARES Act. All six sessions are now online.
NBAA Begins Virtual Aviation Tax Review with Deprecation Session Oct. 14, 2020
NBAA’s Virtual Aviation Tax & Transactions Review launched Oct. 13, 2020, with an informative live session on the complex issues surrounding tax depreciation and deductions for business aircraft.
NBAA, NATA Seek Clarity on Excise Tax Exemption in Detailed Comments to IRS Sept. 29, 2020
NBAA joined with the National Air Transportation Association (NATA) in submitting detailed comments on a notice of proposed rulemaking regarding a legislative exemption from federal excise taxes on aircraft management services paid for by aircraft owners.
NBAA GO Sessions to Offer Best Practices for Aviation Tax & Transactions Sept. 28, 2020
NBAA announced an informative series of upcoming NBAA GO virtual professional development seminars addressing common questions and concerns surrounding aircraft transactions, ownership structures and taxation.
Reduced Business Travel Due to COVID-19 May Result in Depreciation Recapture Sept. 15, 2020
As a direct result of COVID-19, business closures and travel restrictions, aircraft purchased in 2020 could be ineligible for bonus depreciation, and depreciation recapture could be triggered on aircraft purchased in prior years.
NBAA Seeks to Preserve Commuting Deductions in Comments to IRS Aug. 26, 2020
NBAA has asked that the Internal Revenue Service employ a more equitable approach to avoid double taxation and retain critical deductions for business travel.
NBAA Welcomes Proposed IRS Rules on Excise Taxes for Aircraft Management Companies July 30, 2020
The IRS is publishing a notice of proposed rulemaking to provide regulations in response to a legislative exemption from excise taxes on aircraft management services paid by aircraft owners.
How the CARES Act Federal Excise Tax Suspension Applies to Business Aviation May 18, 2020
On a May 15, 2020, NBAA News Hour webinar, industry experts discussed the suspension of FET – and how it applies – in detail.
IRS Issues FAQ on Federal Excise Tax Suspension Reporting Issues May 14, 2020
The FAQs provide interim guidance on tax reporting issues raised by NBAA regarding the tax holiday on air transportation excise tax and fuel tax under § 4007 of the CARES Act.
What Are the Top Federal Excise Tax Exemption Filing Concerns? May 11, 2020
As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, there is a tax holiday from March 28, 2020, through Dec. 31, 2020, for FET on amounts paid during the tax holiday, and fuel tax on fuel used during the tax holiday.
NBAA Files Comments on Proposed IRS Regulations for Business Meals and Entertainment April 16, 2020
NBAA on April 13, 2020, submitted comments to the IRS concerning a recent notice of proposed rulemaking outlining the tax treatment of business meals and entertainment activities.
CARES Act Includes Tax Provisions Affecting Business Aircraft Operators April 2, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes numerous relief tax provisions that may benefit companies operating business aircraft.
Federal Excise Taxes Suspended for Many Business Aviation Operators March 31, 2020
NBAA played a key role in securing federal excise tax relief provisions included in the March 2020 Coronavirus Aid, Relief and Economic Security Act (CARES Act), including those affecting Part 135 operators.
U.S. Senate Bill Would Make Immediate Expensing Permanent Feb. 27, 2020
A bill introduced in the U.S. Senate could make a tax depreciation rule that has stimulated the sale of new and used business aircraft a permanent part of the tax code.
Who Should Collect Federal Excise Taxes? Sept. 4, 2019
IRS audits of Part 135 charter operators highlight the importance of developing and implementing best practices for collecting and remitting federal excise tax on brokered charter flights.
Podcast: NBAA Offers Guidance on Tax Reform Provisions Feb. 25, 2019
John Hoover explains some of the tax changes affecting business aviation due to the Tax Cuts and Jobs Act.
Business Meals Remain Deductible Under IRS Notice; NBAA Provides Comments Nov. 9, 2018
On Oct. 3, 2018, the IRS issued a notice that implicitly concludes that business meals are generally non-entertainment expenses and can be deductible if certain requirements are met.
NBAA Requests Clarification on Bonus Depreciation Proposed Regulations Oct. 12, 2018
NBAA submitted comments to the IRS on the definition of a written binding contract in proposed regulations relating to immediate expensing.
IRS Issues Proposed Regulations on Bonus Depreciation Aug. 16, 2018
A notice of proposed rulemaking from the IRS on the extension and modification of 100 percent bonus depreciation includes key recommendations from NBAA’s formal request for guidance.
Recent SEC Settlement on Perquisite Disclosure is Reminder for Public Companies Using Business Aircraft July 18, 2018
Public companies that operate business aircraft should review their executives perquisite disclosure policies and procedures on a regular basis to ensure they meet SEC requirements.
NBAA Urges Members to Conduct Careful Tax-Reform Planning June 28, 2018
After NBAA's June 13, 2018, letter, the association is encouraging members to familiarize themselves with changes that will impact their businesses as they plan for next tax season.
Tax Reform Highlights for Business Aviation Dec. 19, 2017
The House and Senate have both voted to pass major tax reform legislation, and are expected to send the Tax Cuts and Jobs Act (“Tax Bill”) to the president for his signature before Dec. 25, 2017. The legislation contains important changes for business aviation in several areas, including bonus depreciation, like-kind exchanges and more.
NBAA Members Urged to Contact Congress on Aviation-Related Tax Reform Issues Dec. 7, 2017
The tax reform bills include issues impacting business aviation such as immediate expensing, like-kind exchanges and taxes applicable to aircraft management companies.
Prepare Your Flight Department Now For Tax Filing Nov. 6, 2017
Be prepared for filing taxes - now is the time for flight departments to work on their tax liability. There are new tax provisions if your aircraft was damaged by Hurricanes Harvey or Irma and out-of-pocket expenses may be deductible. Listen to the NBAA Flight Plan Podcast to learn more.
When Are IRS Commercial Transportation Taxes Due for Part 91 Flights? April 6, 2017
Many business aircraft operators make use of the limited options for cost reimbursement provided by the FAA under Part 91, Subpart F of the Federal Aviation Regulations (FARs). These options include timesharing, interchange or joint ownership agreements, affiliated group operations and demonstration flights.
NBAA Legal Brief Asserts Need for IRS Consistency, Clarity on Federal Excise Tax Sept. 23, 2016
NBAA filed an amicus brief in the Fifth Circuit Court of Appeals supporting Bombardier Aerospace, the prior owner of FlexJet, in a challenge to retroactive assessments of federal excise tax on fractional aircraft management fees.
Clarifying Federal Excise Tax Regulations Aug. 26, 2016
To find out what NBAA is doing to help business aircraft operators understand the complex IRS regulations covering federal excise taxes on air transportation of passengers, read the July/August 2016 edition of NBAA's Business Aviation Insider magazine.
Tax Court Decision Provides Insights into Hobby Loss Rules Aug. 5, 2016
A tax court case involving a physician who said the use of an airplane was to further his medical practice, and attempted to claim tax deductions, highlights a potential tax trap.
IRS Priority Guidance Plan May 20, 2016
The IRS issues a Priority Guidance Plan to identify federal tax issues that should be addressed through regulations, revenue rulings and other published guidance
Tax Case Highlights Risks of Bad Recordkeeping, Hobby Loss May 11, 2016
To deduct aircraft expenses from taxable income, business owners must be able to show that the aircraft was used in a bona fide trade or business and not as a casual investment.
IRS Memorandum Has Implications for Like-Kind Exchanges, Federal Tax Planning Jan. 6, 2016
The IRS has released a memorandum that provides information to business aircraft owners considering like-kind exchanges or using special purpose entities to own and lease aircraft.
NBAA's Business Aviation Taxes Seminar Sets Attendance Record May 14, 2015
NBAA's 2015 Business Aviation Taxes Seminar (BATS), held May 8 in Dallas, TX, attracted a record number of attendees interested in learning about emerging issues in federal and state tax regulations, and how to handle them.
“Registered Ultimate Vendor” April 6, 2009
Beginning October 1, 2005, federal excise tax imposed on removal of kerosene from the terminal rack will be $0.244 per gallon. Initially, this tax will be credited to the Highway Trust Fund; the amount eligible to be transferred into the Airport and Airway Trust Fund is based on the gallons that are used in aviation.
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