Regulations and Government
NATA Anticipates FET Ruling Soon
The National Air Transportation Association believes a new NPRM on the issue of federal excise taxes on aircraft management services is imminent.

An NPRM from the Treasury Department on the assessment of federal excise taxes (FET) in the aircraft management industry could be issued as early as August, according to Jorge Castro, a consultant to the National Air Transportation Association. Speaking at the group’s annual Air Charter Summit in Washington, D.C., last week, he told the audience that dialog has heated up between the Internal Revenue Service and FAA regarding regulation of the FET laws.

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