Leading Private Aviation Solution Provider Advises Guests & Businesses on Utilizing the CARES Act Tax Exemption for Private Jet Travel
As we enter the final few months of 2020, your private aviation consultants at Magellan Jets are thrilled to provide their expertise on tax holiday benefits for individuals and organizations, so they can better understand the Coronavirus Aid Relief and Economic Security Act (CARES Act) and its impact on their private jet travel.
With companies across the country eager to get back to business again, the CARES Act incentivizes organizations to utilize the safety of private aviation by suspending certain excise taxes on private jet travel booked through December 31, 2020. The tax exemption also extends to any jet card or membership purchases made before the end of the year, even if they aren’t used to fly until 2021 or beyond.
In response to the tax holiday, Magellan Jets is