Connecticut Budget Doesn’t Target Business Aviation

There’s good news for bizav users in Connecticut: the budget passed by its legislature on May 2 does not contain the substantial tax increases for aviation that had been proposed in earlier versions. One such proposal would have eliminated the state’s sales tax exemption on repair services for aircraft weighing more than 6,000 pounds. Prior…

Read More

Bipartisan Tax Bill Would Benefit New Aircraft Buyers

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which could be passed in the U.S. Senate today or tomorrow before going to the House of Representatives and eventually President Obama for signing, would give business aviation a big boost.┬áThe proposal includes 100-percent expensing of investments in capital assets, such as business…

Read More