News & Analysis as of

Aircraft New Legislation

Husch Blackwell LLP

One Big Beautiful Bill Act Restores Full Bonus Depreciation for Qualifying Aircraft

Husch Blackwell LLP on

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

Nossaman LLP

The OBBB Act | Enhancing U.S. National Security & Defense Capabilities

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On Friday, July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (H.R. 1) Public Law No: 119-21 (The OBBB Act). The OBBB Act would provide roughly $156 billion in funding for the Defense Department,...more

Holland & Knight LLP

Advanced Air Mobility and Vertiport Development: Effects of New Legislation in Florida

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At the Paris Air Show on June 17, 2025, Florida Gov. Ron DeSantis signed two bills into law with the intention of ensuring Florida is a leader in aerospace, transportation and innovation. With regard to furtherance of...more

Ballard Spahr LLP

Washington State's New Luxury Taxes on Aircraft, Boats, and Vehicles

Ballard Spahr LLP on

As highlighted in our prior legal alert on Washington State’s historic tax increases, the State enacted three luxury taxes aimed at aircraft, boats, and vehicles. This alert addresses all three taxes to help taxpayers plan...more

Holland & Knight LLP

A Look at the New FAA Reauthorization Act – Implications for Airline Consumers

Holland & Knight LLP on

President Trump has made the reduction of federal regulation in the marketplace a centerpiece of his campaign and administration. While numerous efforts to review existing aviation regulations are underway, the newly-signed...more

Holland & Knight LLP

Federal Aviation Administration (FAA) Reauthorization Act Paves the Way for Federal Regulation of Delivery Drones

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On Oct. 5, 2018, President Trump signed into law the FAA Reauthorization Act of 2018 (Public Law 115-254), which reauthorizes funding of the FAA through Sept. 30, 2023. This is the first long-term FAA reauthorization since...more

Saul Ewing LLP

Tax Reform – Like-Kind Exchanges: Steps for Aircraft Owners to Consider Before the End of 2017

Saul Ewing LLP on

President Trump just signed into law the most significant tax reform legislation since 1986. This legislation, formerly known as the Tax Cuts and Jobs Act (“the Act”), impacts aircraft owners directly. Beginning in 2018,...more

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