Page 4 - Volume 12 Number 2
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The New T
How It Affects You and Your Aircraft
Editor’s Note: With the recent Tax Reform bill signed into law in the United States, and some of it strongly affecting prospective and current aircraft owners, a deeper explanation on what this means to the many U.S. King Air operators was imperative.
The Tax Cut & Jobs Act (TCJA) signed by President Donald Trump in late December was the first tax reform legislation in over 30 years. The TCJA has already influenced the economy, corporate spending policy, and has also made a major impact on the general aviation industry. Business corporations that can utilize a business aircraft for transportation, as well as small companies who have rented aircraft for their transportation needs, should examine how the income
by Daniel Cheung
2 • KING AIR MAGAZINE
FEBRUARY 2018
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