STATE TAX DEPARTMENTS CHASE TRANSIENT AIRCRAFT FOR NEW SALES TAX REVENUE

Sales & Use Taxes, State and Local Taxation

CONTROLLING AIRCRAFT SALES TAX ON PURCHASES

Sales & Use Taxes, State and Local Taxation

Advocate Shareholder quoted as Aviation Tax Expert by the Wall Street Journal

Title: Tax Change Helps Executives Afford Pricier Planes

Author: Rachel Feintzeig – Sept. 12, 2018

Source: Wall Street Journal

The recent changes to the tax code are giving business executives a new perk: the opportunity to deduct the entirety of a corporate-jet purchase.

President Trump signed more than 100 changes to the U.S. tax code into law at the end of last year. Among them: The price of a new or used airplane purchased by a company can be a 100% write-off against its earnings.