Podcast: NBAA Offers Guidance on Tax Reform Provisions

Passed into law in December 2017, the Tax Cuts and Jobs Act has implications for business aircraft owners and operators, and the association is working to answer members’ questions. “NBAA requested guidance on three bonus depreciation issues: definition of property previously used by the tax payer, the binding written contract rules for self-constructed property and the definition of binding written contract,” said John Hoover, a partner at Holland & Knight. Hoover, vice chair of the NBAA Tax Committee, discusses tax reform provisions impacting business aviation in this week’s NBAA Flight Plan podcast.

Podcast Episode

September 15, 2020

Reduced Business Travel Due to COVID-19 May Result in Depreciation Recapture

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.
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August 31, 2020

Podcast: Real-World Perspectives on Sustainable Aviation Fuel

Our industry continues to seek ways to improve upon its already noteworthy record of environmental responsibility, and chief among those efforts is promoting the use of sustainable aviation fuels (SAF) that burn cleaner than straight Jet A.
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August 26, 2020

NBAA Seeks to Preserve Commuting Deductions in Comments to IRS

NBAA has asked that the Internal Revenue Service employ a more equitable approach to avoid double taxation and retain critical deductions for business travel.
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August 10, 2020

Podcast: The Future of Humanitarian Flight

The operational effects of COVID-19 likely will be felt long after the pandemic eases. In the meantime, general aviation continues to adapt to provide services to those in need.
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