NATA Commends Senate Finance Committee For The Action
The Senate Finance Committee on Wednesday released the modified chairman's mark for the Tax Cuts and Jobs Act, legislation to reform and simplify the nation’s tax code. The revised legislation now contains a provision, sought by NATA, clarifying that aircraft management services are not subject to air transportation taxes. The new section is based on bipartisan legislation (S.321) sponsored by Senators Rob Portman (R-OH) and Sherrod Brown (D-OH). Earlier this week, Senator Portman filed the legislation for consideration as an amendment.