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Results: 1-10 of 756

Ways and Means Marks Up Air Travel Excise Tax Bill
  • Steptoe & Johnson LLP
  • USA
  • July 13 2016

Today, the House Ways and Means Committee marked up H.R. 3608 that would clarify how air transportation excise taxes would apply to privately owned


House Passes 15-Month FAA Reauthorization
  • Steptoe & Johnson LLP
  • USA
  • July 12 2016

Yesterday, the House of Representatives passed a 15-month Federal Aviation Administration (FAA) reauthorization, which includes provisions to extend


Energy Tax Extenders in FAA Bill Unlikely
  • McDermott Will & Emery
  • USA
  • June 30 2016

As discussed in our post on April 7, US Congress extended the Production Tax Credit (PTC) under Internal Revenue Code (IRC) Section 45 and the


Senate Votes to Pass FAA Reauthorization
  • Steptoe & Johnson LLP
  • USA
  • April 19 2016

Today the Senate voted 95-3 to pass an 18-month Federal Aviation Administration (FAA) reauthorization, which includes provisions to extend aviation


Senate Passes Three-Month FAA Funding Extension
  • Steptoe & Johnson LLP
  • USA
  • March 17 2016

Today, the Senate unanimously passed a three-month extension reauthorizing the Federal Aviation Administration’s (FAA) spending authority through


Michigan Governor’s Budget Highlights Infrastructure Investments
  • Dykema Gossett PLLC
  • USA
  • February 11 2016

Michigan Governor Snyder has made improving and modernizing Michigan's infrastructure a focus of his administration. Appropriations for


IRS Says Aircraft Leasing Entity is Eligible for 1031 Tax Free Exchange Treatment Despite Leasing to Related Companies at No Profit
  • Greenberg Traurig LLP
  • USA
  • January 29 2016

A new IRS Chief Counsel memo says that an aircraft leasing partnership that trades in an aircraft that is leased to a related entity is eligible for


Texas aircraft leasing - leaving on a jet plane (without sales tax?)
  • Greenberg Traurig LLP
  • USA
  • December 4 2015

Buying a plane is not only expensive, but states usually want a cut by charging a sales tax or use tax on top of the purchase, increasing the upfront


IRS requests comments on exclusion of airline mileage awards not redeemed for transportation
  • Steptoe & Johnson LLP
  • USA
  • October 29 2015

Notice 2015-76 invites public comment on whether the IRS should prescribe rules to exclude from the tax imposed by Section 4261(a) certain amounts


New York exempts general aviation aircraft from sales and use tax
  • Kaye Scholer LLP
  • USA
  • September 3 2015

Effective September 1, 2015, a new law (N.Y. Tax Law 1115(a)(21-a)) provides an exemption from New York state and local sales and use tax for sales