FutureFlight On The Radar
GAO Report Calls for Clarity on Tax Exemptions for AAM Aircraft
The U.S. Government Accountability Office wants Congress to clearly define AAM aircraft in the tax codes.

A new report from the U.S. Government Accountability Office (GAO) calls for lawmakers to clarify tax exemptions for advanced air mobility (AAM) aircraft and their associated infrastructure. 

Though several AAM companies plan to launch air taxi and cargo delivery services in 2025, most of the U.S. still lacks the infrastructure required to enable those operations, such as vertiports and other takeoff and landing sites. Individual infrastructure projects could cost anywhere between $500,000 and $10 million each, according to the GAO. In its report, the GAO noted that early AAM infrastructure will rely mostly on private funding and that public funding may increase over time as AAM becomes more widely adopted.