No change to personal-use rules
Business aviation dodged two bullets last month when Congress struck two provisions from the Tax Relief Extension Reconciliation Act of 2005 that would have expanded limitations on entertainment use of business aircraft to all employees–rather than just senior executives–and substantially increased taxes for any personal use of a company airplane.
NBAA lobbied strongly against both measures on Capitol Hill, and NBAA members voiced their opposition to the proposals by using the association’s “Contact Congress” program to make their views known to their members of Congress.
“I commend NBAA’s members for their grassroots mobilization to stop onerous legislative proposals targeted at our industry,” said NBAA president and CEO Ed Bolen. “This type of activism will continue to be essential in making NBAA and the business aviation community an effective political force.”