NBAA Tax Committee to Host 13th Annual Conference and Risk Management Session in Las Vegas This October

Contact: Cassandra Bosco

Washington, DC, July 7, 2004 – The Tax Committee of the National Business Aviation Association (NBAA) announces that it will host two events this October in conjunction with the NBAA 57th Annual Meeting & Convention in Las Vegas: The NBAA 13th Annual Tax, Regulatory & Risk Management Conference and a panel discussion called “NBAA Insurance & Risk Management in Today’s Environment.”

The NBAA 13th Annual Tax, Regulatory & Risk Management Conference (previously known as the NBAA Tax Conference) will be held Sunday, October 10 and Monday, October 11 at the Las Vegas Hilton. This two-day seminar is designed to provide flight department personnel and their accountants/attorneys a basis for understanding how the appropriate tax laws and regulations apply to business aviation operations.

The first day of the Tax, Regulatory & Risk Management Conference will focus on the following topics:

  • FAR Part 91/135 issues
  • Flight department company problems
  • Introduction to the new fractional regulations (Part 91, Subpart K)
  • Personal use of corporate aircraft
  • SEC and other public company issues
  • Depreciation, including bonus depreciation
  • Like-kind exchanges
  • Aircraft registration issues

The second day of the Conference will focus on:

  • Financial risk management and aviation insurance topics
  • Introduction to state and local taxes
  • Property tax, registration fees and non-resident aircraft issues
  • Current state tax developments
  • Tax implications of financial structures
  • Passive activity losses
  • Federal excise taxes
  • International issues (VAT, cabotage, etc.)
  • Leasing and ownership structures

In addition, the Risk Management Working Group of the NBAA Tax Committee will host “NBAA Insurance & Risk Management in Today’s Environment” on Tuesday, October 12 from 1:00 p.m. to 3:00 p.m. in the Las Vegas Convention Center. During this session, a panel of insurance experts will discuss a variety of hot topics, including claims handling, war risk insurance, the emerging very light jets (VLJs) and FBO ground handling. The session will close with a question-and-answer session on any insurance topic.

The NBAA 13th Annual Tax, Regulatory & Risk Management Conference on October 10 and 11 costs $700 for NBAA Members and $825 for non-Members, and the Conference registration fee includes admission to the NBAA Convention. The two-hour Insurance & Risk Management panel discussion on October 12 is complimentary for all Convention Attendees.

For a full list of Informational Sessions to be held in conjunction with the NBAA 57th Annual Meeting & Convention, visit and click on “Program Schedule.”

For more information about the NBAA Tax Committee, contact Staff Liaison Mike Nichols at (202) 783-9254 or, or visit

NBAA represents the aviation interests of more than 7,600 companies that own or operate general aviation aircraft as an aid to the conduct of their business, or are involved with business aviation. NBAA Member Companies earn annual revenues approaching $5 trillion — a number that is about half the gross domestic product — and employ more than 19 million people worldwide. The NBAA Annual Meeting & Convention is the world’s largest display of civil aviation products and services.

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