Regulations and Government
Tax Bill Wins Praise for Expensing, Managed Fee Stances
Full immediate expensing would apply to new and used aircraft, while the aircraft management fee issue would be settled following years of uncertainty.

Negotiators on Capitol Hill agreed to retain two key provisions in the final version of the tax overhaul package: one that would extend immediate expensing measures to both used and new aircraft and another clarifying that the 7.5 percent air transportation tax does not apply aircraft management fees. The package could receive a final vote in the House and Senate this week.


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