The NBAA warns lawmakers in
Washington are eyeing the corporate jet as a possible source of
additional revenue for the US Treasury.
Current legislation includes the Corporate Jet Tax Reform Act of
2004 (HR 4352) and an amendment to a recently-passed Jumpstart Our
Business Strength (JOBS) Act that would serve to counter-balance
the positive effect of the bonus depreciation provision that
already is an approved part of the act. These bills would limit the
deductions a company can take if corporate aircraft are used for
In a release to ANN, the NBAA says it's "actively working to
educate lawmakers on the valid reasons for personal use of
corporate aircraft, the negative effects of this legislation and
the reimbursement/payment limitations placed on companies operating
under FAR Part 91."