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New Tax Laws Will Impact Aviation


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The new tax bill that was passed by Congress last year is awaiting President Trump’s signature to become law, but that is expected to happen soon. Aviation experts already have been combing through the Tax Act to find out how it will affect the various segments of general aviation, from private owners with small airplanes, to corporations with their own fleet of jets. NBAA says the new law will allow taxpayers to immediately write off the cost of business aircraft.

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