Contact: Dan Hubbard, (202) 783-9360, firstname.lastname@example.org
Washington, DC, May 14, 2015 – The National Business Aviation Association’s (NBAA’s) 2015 Business Aviation Taxes Seminar (BATS2015), 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.
The annual event drew more than 150 attendees this year, which is a nearly 20-percent increase from 2014. The attendees represented a variety of professionals who handle tax, accounting and legal matters for business aircraft, including attorneys, accountants, tax advisers, aviation professionals, flight department personnel and aircraft owners/operators.
“Business aviation faces many significant tax challenges, and we are delighted that so many people in the industry came to the 2015 NBAA Business Aviation Taxes Seminar to gain a greater understanding of these important and evolving issues,” said Scott O’Brien, NBAA senior manager for finance and tax policy.
Among the topics discussed in detail were the pros and cons of aircraft leasing structures and a legislative proposal in Texas, which would properly recognize aircraft leasing structures for state tax purposes – an issue about which NBAA and its Members have been actively engaged. Learn more about the Texas legislation, and NBAA’s work on the issue.
The seminar also explained how non-business use could affect the tax basis of an aircraft and present an issue when the aircraft is sold.
“For the 2015 seminar, we completely re-imagined the agenda to provide interactive sessions that went beyond a review of the regulations and offered strategies for managing complex federal and state tax rules,” said Glenn Hediger, president of Aviation Financial Consulting, LLC, and chairman of the NBAA Tax Committee’s Tax Seminar Working Group, which worked with O’Brien to organize the one-day event.
\ BAA’s tax team is now focused on getting ready for the Association’s 2015 Tax, Regulatory & Risk Management Conference, which will be held Nov. 15 and 16 in Las Vegas, NV, in conjunction with the NBAA Business Aviation Convention & Exhibition (NBAA2015). Learn more about the Tax, Regulatory & Risk Management Conference.
Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The Association represents more than 10,000 companies and provides more than 100 products and services to the business aviation community, including the NBAA Business Aviation Convention & Exhibition, the world’s largest civil aviation trade show. Learn more about NBAA at www.nbaa.org.
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