Charter & Fractional
Lawmakers Seek to End Aircraft Managed Fee Tax Issue
FET being imposed on management fees would amount to double-taxation on aircraft owners, according to NATA.

U.S. Rep. Pat Tiberi (R-Ohio) reintroduced legislation (H.R.896) yesterday clarifying that aircraft management services are not subject to federal excise taxes (FET). Senator Sherrod Brown (D-Ohio) is expected to introduce the Senate companion bill today, according to the National Air Transportation Association (NATA). The House Committee on Ways and Means approved similar legislation in July, though it didn’t advance beyond this stage.