If you weren’t paying careful attention, you may have missed it: in his State of the Union address, President Biden referenced troubling new tax proposals for business aviation.
The president has followed through on those comments with onerous proposals in his annual budget plan that single out the industry for punitive tax treatment, including a five-fold fuel tax increase on business aviation, to $1.06 per gallon, and a change to the depreciation schedule for a purchased business aircraft, from 5 years to 7 years.
The budget proposal follows a recent plan unveiled by the IRS for audits on companies using business aircraft, to ensure that “everyone is playing by the same rules.”
NBAA is always working for you, and as the Biden administration ramps up its rhetoric and regulatory focus on business aviation, the association has been quick to push back. But there is power in numbers and we need Congress to hear your voice today!
Use the form on this page TODAY to urge Congress to oppose anti-business aviation tax policies from the administration. Remind Congress that business aviation powers the economy with 1.2 million jobs and $250 billion in economic activity each year.