The 7.5% FET holiday on private jet charters and jet cards is set to expire Dec. 31 and isn’t being extended by Congress in the Consolidated Appropriations Act, 2021
According to an analysis of the 5,593 pages of the House amendment to the Senate amendment of H.R. 133, or the Consolidated Appropriations Act, 2021, there’s good news and bad news.
A top executive from the National Business Aviation Association says don’t expect the Federal Excise Tax holiday to be extended
Congressional leaders in Washington D.C. are still trying to work out additional relief for companies and individuals impacted by the COVID-19 pandemic. Don’t expect an extension of the holiday for the 7.5% Federal Excise Tax (FET).
The siren’s song of saving the 7.5% Federal Excise Tax if you buy a jet card before the end of the year is getting louder. If you’re not careful, it might cost you more than you’ll save
On Friday, the bars in the window on my laptop tracking visitors to this website shot up. The increase was exponential. It coincided with a CNBC segment on how private jet card sellers are rolling out offers designed to save buyers the 7.5% Federal Excise Tax on flights.
The fractional share operator is the latest jet card seller to offer an extended tax holiday if you purchase before the CARES Act expires at the end of 2020
Another day, another private aviation provider that is now saying if you buy one of its jet cards before the end of the year, your flights in 2021 and beyond will be free of the 7.5% Federal Excise Tax.