Would Resolve Certain Tax Issues For Management Companies Two trade groups focused on business aviation released statements supporting action last week by the House Ways & Means Committee that advances congressional legislation making clear management services provided to assist an aircraft owner in the operation of its aircraft are not subject to the ticket tax imposed on commercial air transportation. Committee passage of the legislation means that it can now move forward to be considered by the full House of Representatives.
Source: aero newsNBAA, NATA Welcomes Progress On Federal Excise Tax Bill