By: Stewart Lapayowker

December 18, 2011


In conjunction with the annual meeting of the Tax Committee of the National Business Aviation Association, Stewart was appointed to be Vice Chair of the NBAA Tax Committee serving a two year term.

Having served as Recording Secretary for the past two years, and before that Chair of the Committee’s Aircraft Transactions Working Group and Vice Chair of its Regulatory Working Group, Stewart is flattered by the Committee’s appointment and looks forward to actively working with the leadership team and NBAA liaisons to address significant issues facing business aviation.

    The Tax Committee’s efforts are focused in the area of taxes affecting business/corporate aircraft and the impact of the Internal Revenue Service Rules, Securities and Exchange Commission Rules, and the Federal Aviation Regulations. The Committee explores the implications of these rules and regulations, as well as the differences between IRS and FAA interpretation/definition of business aircraft and develops meaningful resources for NBAA Members in each of these areas.  The Committee addresses topics such as aircraft transactions, aviation insurance, federal tax, regulatory, state aviation taxes and regulatory matters.

The Committee’s “NBAA Tax, Regulatory & Risk Management (two-day) Conference” held each year in conjunction with the NBAA Annual Meeting and Convention is designed to provide a basis for understanding how the appropriate tax laws and other applicable regulations apply to a particular aviation operation. It covers issues such as aircraft registration, ownership options, personal use, leasing options, application of the FARs, enforcement of the FARs and insurance.

For those of you not familiar with the NBAA, the NBAA’s mission is to serve NBAA Members by promoting the aviation interests of organizations utilizing general aviation aircraft for business purposes in the United States and worldwide.  Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful.

It’s cooperative organization No Plane No is aimed at educating the public about the benefits of business aviation in the face of media and political attacks on the industry.

The NBAA now provides assistance to 8,000 Member Companies which earn annual revenues of approximately 5 trillion dollars – a number that exceeds 50 percent of the gross national product – and employ more than19 million people worldwide.

NBAA has been in the forefront of efforts aimed at fairly settling problems related to air space access, airports and aircraft noise. Today, NBAA is focused on issues such as aviation safety, operational efficiency, fair and equal access, FAA reform, noise and compatible land use, peak hour landing fees, reliever airports, air support, air traffic control modernization, product liability reform, research and development, business aviation advocacy and various tax issues.

For more information on becoming an NBAA member, see


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