Private jet charters left off Federal Excise Tax holiday extension by Congress

FET tax holiday

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.

CARES Act 2: New COVID relief should be open to private aviation

CARES Act 2 private aviation

Private jet operators should be able to tap into the estimated in $15 billion in air carrier support

The newest legislation to provide ongoing COVID-19 relief is estimated to have $15 billion for the airlines. According to a spokesperson for the National Business Aviation Association, that should incorporate Part 135 private jet operators and other companies related to business aviation.

(Updated Dec. 22 @ 7:22 am – A full copy of the HR 133 –  Consolidated Appropriations Act, 2021, can be downloaded at the end of this story.)

FET tax holiday extension for private jet flights unlikely

FET tax holiday

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).

Alliance Aviation Cyber Sale doubles CARES Act savings

Alliance Aviation jet card

Alliance Aviation is adding an extra 7.5% discount to the FET CARES Act savings for jet cards from Black Friday through Cyber Monday

Alliance Aviation is doubling down on the CARES Act for a short-term jet card sales promotion.

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