New Guidance on Tax Holiday Suspension for Air Transportation Federal Excise Tax
By EsqSocial Corporation 21/10/20
As previously reported, one of the benefits from the Coronavirus Aid, Relief, and Economic Security (CARES) Act was that the 7.5 percent air transportation federal excise tax (FET) that applies to commercial operations, including charter flights conducted under Part 135 of the Federal Aviation Regulations, was suspended effective March 27, 2020, through January 1, 2021....
By: Cozen O'Connor