Stop Subsidizing Private Jets of 2026

Key Points

• This bill would stop businesses and wealthy individuals from using tax deductions to lower the cost of owning and flying private jets. Currently, many of these costs can be subtracted from taxable income to reduce the amount of tax owed to the government.
• The new rules would apply to the money spent on buying, maintaining, and fueling private planes. It also ends the ability to claim a tax break for the plane losing value over time, which is a common accounting practice used to lower tax bills.
• Certain types of planes would be exempt from these rules and could still receive tax benefits. This includes aircraft used for fighting fires, moving cargo, emergency medical trips, flight schools, and scheduled commercial airlines that the public can use.
• The policy aims to ensure that tax dollars are not used to support luxury travel for a small number of people. If the bill becomes law, the changes would apply to any expenses made after the end of 2025.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.