April 2, 2020
Business Aviation Tax Provisions in the CARES Act
National Business Aviation Association
Business Aviation Partner John Hoover authored an article with the National Business Aviation Association discussing relief provisions from the Coronavirus Aid, Relief, and Economic Security (CARES) Act that may benefit companies operating business aircraft. Mr. Hoover explains the tax holiday provided by the CARES Act for the remainder of 2020 from the Federal Excise Tax on air transportation as well as amendments made to several income tax code sections that may affect owners and operators of business aircraft.