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.
Attracting and retaining business aviation talent remains a challenge. Savvy aviation managers have a rapport with their human resources staff and they work together to help their company hire and hold on to business aviation's best and brightest.
As the saying goes on Capitol Hill, most work in any congressional session gets done in the first 100 days of a new year. NBAA has been using this time to focus on numerous legislative and regulatory matters that impact business aviation, including by utilizing the CLIMBING. FAST. campaign to underscore the industry's leadership on sustainability and push toward net-zero carbon emissions by 2050.
One of the featured sessions at the record-setting 2024 NBAA Leadership Conference was a live podcast with aerial coordinator and stunt pilot Kevin LaRosa II, whose work helped create several gravity-defying moments in the blockbuster movie "Top Gun: Maverick." In this podcast, LaRosa shares his perspectives on the concept of "Next-Level Leadership" and balancing the "need for speed" with a steadfast commitment to safety.
Industry experts with decades of combined real-world experience south to bring some perspective to the recent IRS announcement that the agency will “begin dozens of audits” of companies that use business aircraft, with a focus on tax policies related to non-business use of the aircraft, as well as other key considerations, during an NBAA News Hour webinar.