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So far Aero Law Group has created 54 blog entries.

New Texas Law Provides Relief on Certain Leasing Taxes

The state of Texas enacted legislation (Senate Bill 1396) to dispel confusion surrounding aircraft sales and use tax laws that were leading to contradictory interpretations and in some cases hefty levies. Texas Governor Greg Abbot signed SB 1396 into law on June 16, following state House and Senate passage late last month. Business aviation groups, [...]

By | 2017-07-20T07:27:17+00:00 June 29th, 2015|News|0 Comments

Aircraft Parts Exempt from South Carolina Sales Tax

South Carolina Governor Nikki Haley has signed a bill into law removing the state's 7-percent sales tax from parts for aircraft operated under Part 91. The change is expected to make South Carolina's aviation maintenance and repair operations (MROs) more competitive with MROs in tax-exempt states. "Because aircraft are mobile, owners can easily shop around [...]

By | 2017-07-20T07:23:34+00:00 June 29th, 2015|News|0 Comments

Changes to Washington State “Tax Avoidance Rules”

We have reviewed the May 2015 “Tax Avoidance Rules” (WAC 458-20-280 et seq.) adopted by the Washington Department of Revenue in response to the Washington State Legislature’s 2010 Tax Avoidance Legislation (RCW 82.32.655).   It is our belief that the Department of Revenue both:  a) went beyond the scope of the 2010 Legislation, and b) drafted [...]

By | 2017-08-17T07:53:46+00:00 June 5th, 2015|Articles|0 Comments

The World’s Leading Business and Commercial Aviation Law Firm

Aero Law Group PC’s mission is to provide the highest quality transactional legal services to airlines and aircraft owners and operators – worldwide. There's not another law firm anywhere that has our combined experience with business and commercial aircraft transactions. Aero Law Group PC represents over 500 clients on six continents, including established and emerging commercial [...]

By | 2017-07-20T07:27:17+00:00 April 18th, 2014|Articles|0 Comments

Independent Contractor Pilots: Should You Jump On The Bandwagon?

Many aircraft operators hire their pilots as “independent contractors” instead of as employees. This may save on administrative costs, but is there a downside? In short: yes. Most pilots are not properly classified as independent contractors. Although treating pilots as independent contractors is common practice in the aviation industry, recent revenue shortages have triggered government [...]

By | 2017-07-20T07:27:17+00:00 February 6th, 2014|Articles|0 Comments

Kyrgyzstan Ambassador Visits Aero Law Group

Aero Law Group welcomed a unique visitor to Bellevue, Wash., in late May – the Kyrgyz Republic’s ambassador to the U.S. and Canada, Mr. Muktar Djumaliev. Mr. Djumaliev’s visit comes as the Kyrgyz Republic has announced plans to rapidly develop its civil aviation industry and expand into global markets. According to its Civil Aviation Industry, [...]

By | 2017-07-20T07:27:17+00:00 June 11th, 2013|News|0 Comments

Warning: Use Caution With 50% Bonus Depreciation on Aircraft

Many aircraft manufacturers and brokers are now urging potential customers to sign contracts for or take delivery of newly manufactured aircraft before December 31, 2012, in order to take advantage of additional first-year tax depreciation—popularly known as “50% bonus depreciation.”  However, before jumping in and signing a letter of intent or purchase agreement, potential aircraft [...]

By | 2017-07-20T07:27:17+00:00 October 26th, 2012|Articles|Comments Off on Warning: Use Caution With 50% Bonus Depreciation on Aircraft

IRS Releases Final Regulations on Aircraft Used for Personal Entertainment

On August 1, 2012, the Internal Revenue Service published final regulations on disallowance of deductions for personal entertainment use of business aircraft by so-called “specified individuals.”  Click here to download a copy of the final regulations as published in the Federal Register.  The final regulations are effective for tax years beginning after August 2, 2012.  [...]

By | 2017-07-20T07:25:43+00:00 October 23rd, 2012|Articles|0 Comments

Hawker Beechcraft Files Chapter 11 Bankruptcy

On May 3, 2012, major business aircraft manufacturer Hawker Beechcraft Corporation and its parent and affiliated companies (HBC) filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York.  HBC and its affiliated companies have requested the cases be consolidated under Hawker Beechcraft, Inc. Case No. 12-11873 [...]

By | 2017-07-20T07:24:17+00:00 May 4th, 2012|News|Comments Off on Hawker Beechcraft Files Chapter 11 Bankruptcy