anaged Aircraft The Tax Bill also amends IRC § 4261 by adding a=new subsection to clarify that owner flights on managed aircraft are not s=bject to Federal Transportation Excise Tax (FET) ticket tax, but rather ar= subject to the non-commercial fuel tax. This issue has been the subject of controversy for more than 60 years, and=

anaged Aircraft The Tax Bill also amends IRC § 4261 by adding a ne= subsection to clarify that owner flights on managed aircraft are not subj=ct to Federal Transportation Excise Tax (FET) ticket tax, but rather are s=bject to the non-commercial fuel tax. This issue has been the subject of controversy for more than 60 years, and=

iscuss. 2 EFTA_R1_01655969 EFTA02519672 Tom From NBAA.... On May 16, 2013, the IRS informally announced tha= it will suspend the assessment of Federal Transportation Excise Tax (FET) on owner flights on aircraft managed by aircraft management compa=ies. In a new article, NBAA Tax Committee Member John Hoover reviews t=e im