US Congress 2020 Cares Act

US Congress 2020 Cares Act creates “special tax refund from prior years” window of opportunity for purchases of business aircraft during 2020. The Covid 19 pandemic presents challenges for businesses trying to navigate the economic contraction caused by it. However, for those considering purchasing an aircraft for business purposes, Congress placed a special stimulus provision in the CARES Act to encourage such purposes be made before year end 2020. The Coronavirus Aid Relief, and Economic Security Act [...]