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Update on Tax Legislation Regarding Personal Use of Corporate Aircraft
Deloitte via BenefitsLink 
May 23, 2006
Excerpt: The revenue reconciliation bill President Bush signed into law on May 17, 2006, cited as the 'Tax Increase Prevention and Reconciliation Act of 2005,' does not change the current rules regarding personal use of employer-provided aircraft. Although omitted from this legislation the Senate-proposed aircraft provisions may still appear in upcoming legislation (e.g., a second package of tax cuts or pension legislation).
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