On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law. That legislation contained a wide variety of provisions as part of the administration’s tax reform agenda. One significant...more
7/16/2025
/ Aircraft ,
Aviation Industry ,
Bonus Depreciation ,
Business Taxes ,
Internal Revenue Code (IRC) ,
Legislative Agendas ,
New Legislation ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Legislation ,
Tax Reform ,
Trump Administration
On February 21, 2024, the Internal Revenue Service (IRS) announced plans to conduct dozens of audits on the use of business aircraft by large corporations, partnerships, and high-income individuals as part of its “campaign”...more