Here we are again with the populist rant against the “corporate jet loophole”. Let’s start with some basics: the “loophole” refers to the bonus depreciation provisions that allows taxpayers to write off, in most cases, 100% of the...
Effective July 1, Maine, traditionally among the more aggressive states when it came to pursuing even temporary visitors for use tax, no longer charges sales or use tax on aircraft, their parts or services. The change resulted in several aviation businesses quickly...
Connecticut Governor Dannel P. Malloy wants to close the state deficit by ending tax exemptions on repairs and services to aircraft, and by adding a yearly registration fee to planes stored in the state. This is problematic for general aviation, and for Connecticut...
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