COVID-19 & The Federal Excise Tax Suspension: Does it Apply to Your Business?

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) suspended federal excise taxes (FET) for commercial aviation operations until Dec. 31, 2020.

While the suspension offers significant benefits to commercial operators, including Part 135 air carriers, it has also generated many questions. NBAA has been working directly with the IRS to understand how the suspension applies to business aviation and our panel of experts will answer your questions.

If you have questions on how to apply the suspension to charter invoices, payments for trips before the passage of the CARES Act, need details on fuel tax credits and refunds, or have other concerns, join us this Friday for our NBAA News Hour webinar.