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Results: 1-10 of 14

American Taxpayer Relief Act of 2012

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • January 3 2013

The American Taxpayer Relief Act of 2012 (fiscal cliff legislation) provides for an extension of 50 percent bonus depreciation through the end of 2013

Aviation law alert - federal excise tax adjustments

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • December 28 2012

Inflation adjustments to Federal Excise Tax (FET) rates were published by the IRS. Beginning Jan. 1, 2013 the rates are: Percentage Tax

U.S. aircraft operators possibly one step closer to avoiding EU-ETS requirements: Senate passes SB 1956

  • Barnes & Thornburg LLP
  • -
  • European Union, USA
  • -
  • September 25 2012

On Sept. 21, 2012, the U.S. Senate passed a bill (Senate Bill 1956) which, if signed into law, will give the Secretary of Transportation the authority to make it illegal for aircraft operators in the U.S. to comply with the European Union's (EU's) onerous Emissions Trading Scheme (ETS

IRS issues new Chief Counsel Memorandum regarding federal excise tax for FAR Part 91 managed aircraft and charter managed aircraft

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • March 15 2012

Chief Counsel Memorandum No. 201210026 was released on March 9, 2012. The Memorandum appears to broaden the applicability of Federal Excise Tax (FET) to arrangements where an FAR Part 91 operator retains a manager for its aircraft andor retains an FAR Part 135 Air Carrier to place the aircraft on the Air Carrier Certificate for aircraft charter

Standard industry fare level (SIFL) for first half of calendar year 2012

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • February 16 2012

The U.S. Department of Transportation, as reported by the National Business Aviation Association, has released the SIFL rates for the six-month period from Jan. 1, 2012 to June 30, 2012

New federal excise tax rates

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • January 11 2012

The Internal Revenue Service (IRS) announced inflation adjustments to the federal excise tax (FET) rates on air transportation for 2012

Corrected Standard Industry Fare Level (SIFL) for second half of Calendar Year 2011

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • September 14 2011

The U.S. Department of Transportation, as reported by the National Business Aviation Association, has recently corrected the SIFL rates that were initially issued on Aug. 25, 2011 for the six-month period from July 1, 2011 to Dec. 31, 2011

Standard industry fare level (SIFL) for second half of calendar year 2011

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • August 26 2011

The U.S. Department of Transportation, as reported by the National Business Aviation Association, has recently revised the SIFL rates for the six-month period from July 1, 2011 to December 31, 2011

Congress extends FAA authorization through mid-September 2011

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • August 5 2011

On Aug. 4, 2011, Congress announced that a deal has been reached for the 21st extension of a FAA Authorization through mid-September 2011

Aviation law alert - February 2011

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • February 15 2011

The U.S. Department of Transportation, as reported by the National Business Aviation Association, has recently revised the SIFL rates for the six-month period from Jan. 1, 2011 to June 30, 2011