ILLINOIS PROPOSES LUXURY TAX ON AIRCRAFT PURCHASES
Illinois state Rep. LaShawn Ford (D) has introduced a bill that would impose a 5 percent luxury tax on aircraft costing more than $500,000. The measure would help plug a projected $9 billion state budget gap. The National Business Aviation Association has slammed the bill, saying it fails to...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
