Various federal and state taxes are levied on all businesses in the aviation industry. Commercial and noncommercial clients recognize our substantial experience and knowledge in this field and rely on us to provide counsel in the following areas:
- Sales and use taxes related to use of private and commercial aircraft and aviation jet fuel
- Ad valorem and property tax assessments on airport leasehold interests and aircraft equipment
- Sales tax exemptions applicable to jet fuel and related issues
- Personal and entertainment use issues
- Federal Excise Tax issues
- Like kind (including reverse exchange) transactions
- Federal and state income tax planning for aircraft owners and operators