COVID-19 & The Federal Excise Tax Suspension: Does it Apply to Your Business?
National Business Aviation Association (NBAA) Webinar
Partner John Hoover spoke on a National Business Aviation Association (NBAA) webinar panel about the suspension of federal excise taxes (FET) for commercial aviation operations. The suspension was carried out as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and lasts until the end of the year. The panelists discussed how the suspension applies to business aviation and addressed questions about charter invoices, payments for trips before the CARES Act was passed and fuel tax credits/refunds.