The National Business Aviation Association (NBAA) is the largest organization specifically focused on owners, users and pilots of business aircraft. Your membership in the NBAA, which you get when you own a share in our program, is a valuable resource for maximizing the use of your aircraft. Even if you don't fly for business, efforts by the NBAA greatly impact legislation, rule-making, and lobbying that benefit the private flying experience of fractional aircraft owners. Member-only resources, which you can access with the personal account number that you will receive from Elisabeth Hurst, PlaneSense Billing Manager, in early April, include:
• The NBAA Personal Use of Business Aircraft Handbook which explains the restrictions on payments for personal use, income tax requirements, deduction disallowances and SEC reporting. (At tax time, several of our owners have found the IRS SIFL rate calculator on the NBAA website to be very helpful.)
• Issue-specific published articles such as Regulatory and Tax Considerations for Charitable Flights or podcasts like Bonus Depreciation and Section 179 Expensing.
• Access to the NBAA online member directory for instant access to a broad range of aviation professionals, such as an aviation tax attorney.
• The State Aviation Tax Report to help you or your flight department stay abreast of specific tax changes at the state-level.
• Support from the NBAA General Aviation (GA) Desk, one of only two non-FAA desks at the FAA's Air Traffic Control Command Center.
The next time you are thinking about the share you own in the PlaneSense program, we encourage you to visit www.nbaa.org and explore the extra value you can get from that resource.