Grassroots Advocacy Drives Legislation to Resolve Tax Policy on Aircraft Management Companies | Paperless Cockpit

Grassroots Advocacy Drives Legislation to Resolve Tax Policy on Aircraft Management Companies

A group of NBAA Members, led by several Ohio-based aircraft management companies, has been working with their representatives in Congress to introduce legislation clarifying that flights by aircraft owners with the assistance of a management company are non-commercial. â??As an industry, weâ??re taking two parallel approaches to this issue,â?? said Scott Oâ??Brien, NBAA senior manager for finance and tax policy. â??With the regulatory approach, weâ??re talking to the IRS and Treasury Department in Washington and educating government officials about how aircraft management arrangements work. At the same time, we are supporting Member Companies in their legislative approach.â??

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