Description
The Tax Committee’s efforts are focused in the area of taxes affecting business/corporate
aircraft and the impact of the Internal Revenue Service Rules, Securities and Exchange Commission Rules, and the Federal Aviation Regulations.
The Committee explores the implications of these rules and regulations, as well as the differences
between IRS and FAA interpretation/definition of business aircraft and develops resources for NBAA Members in each of these areas. NBAA Members can forward questions, comments or suggestions to the Committee Chairman
or the NBAA Staff Liaison.
The Tax Committee has formed several working groups by subject matter expertise:
Aircraft Transactions
Aviation Insurance
Federal Tax
Regulatory
Seminars
State Aviation Taxes
Membership
Officers
| Joanne Barbera, Barbera & Watkins, LLC, (Chairwoman) |
| Edward H. Kammerer, Hinckley, Allen & Snyder LLP, (Vice Chairman) |
| Mike Nichols, NBAA, (Staff Liaison) |
NBAA Members may also review the committee roster.
Information & Resources
NBAA Tax, Regulatory & Risk Management Conference -- This two-day Conference
is designed to provide a basis for understanding how the appropriate tax laws apply to a particular
aviation operation. It covers issues such as aircraft registration, ownership options, leasing
options, application of the FARs, enforcement of the FARs and insurance.
For more information about taxes, finance and insurance, visit www.nbaa.org/taxes.
Summary of Recent Action
- Advised NBAA staff and its Members on IRS, SEC, FAA and DOT regulatory matters
- Hosted the NBAA 16th Annual Tax, Regulatory & risk Management Conference, which informed Members on matters including Federal, state, local taxes; aircraft ownership structures; allocation of depreciation; SEC reporting; and regulatory and international issues
- Launched Distance Learning of Tax Conference which is available on the NBAA website at http://web.nbaa.org/public/cs/distance/
-
Developed and delivered one Tax Forum targeting intermediate to advanced-level tax
and legal professionals who support flight departments, reaching approximately 225 participants
- Created and presented on intermediate to advanced-level Hot Topics in Regulation of Business Aviation Forum to 80 people - flight department managers and their tax and legal advisors
- Promoted risk-management concepts, worked to raise the industry's awareness of this topic
from a financial and insurance perspective
- Reported current events via NBAA Update and the NBAA Tax, Finance & Insurance web
site and responded to Member inquiries on a variety of tax, finance, regulatory and risk-management
topics
- Produced educational articles for Members on tax, regulatory, and insurance topics
|
