New York proposal supports tax relief

 - July 25, 2007, 4:31 AM

NBAA, the New York Aviation Management Association and the Aircraft Owners and Pilots Association have lobbied the New York state legislature to review aviation taxing procedures, with an eye toward eliminating the current tax on fuel and services. New legislation has been proposed, known as the New York Senate Aviation Industry Tax Cuts Proposal. The new rule would eliminate the business tax on all jet fuel and 100LL effective next year. Additionally, this legislative package proposes exempting aviation repair services from sales tax, encouraging owners of private aircraft to have repairs performed by New York businesses.