NBAA News Hour: Federal Excise Tax Update for Aircraft Management Companies and Clients

For aircraft management companies, Federal Excise Taxes (FET) have presented long-standing challenges, and the IRS recently released a key Notice of Proposed Rulemaking (NPRM). Learn about how this NPRM interprets the Tax Reform provision that makes clear FET is not due when aircraft owners fly on their aircraft with the assistance of a management company. 

- The background behind the tax reform management company provision and its impact on business aviation
- Details on the IRS interpretation of this provision in the recently released NPRM
- Next steps in the 60-day comment period and actions for NBAA members