A years-long advocacy campaign by NBAA and its partners culminated recently with a final rule from the IRS clarifying the applicability of federal excise taxes to management companies and aircraft owners. The rule also prevents the improper and retroactive application of FET charges. “We worked with the IRS and the Treasury Department, then we finally went to Capitol Hill,” said Scott O’Brien, NBAA senior director for government affairs. “Congress spoke and made clear that if you are flying on your own aircraft, and have the assistance of a management company, there’s no commercial transportation tax; it’s treated just like any non-commercial Part 91 flight.”
In today’s episode of NBAA’s “Flight Plan,” host Rob Finfrock speaks with:
John Hoover, partner at Holland and Knight and chair of the NBAA Tax Committee
Scott O’Brien, NBAA senior director, government affairs
Women's History Month offers an opportunity to learn more about the contributions of female aviation pioneers and reflect on ways our industry can encourage future generations of women to enter business aviation.
Attracting and retaining business aviation talent remains one of the industry's most formidable challenges. Savvy aviation managers work with their human resources staff to address this.
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.