Business View Magazine - Mar 2024

more aviation-friendly taxation environments. Despite significant increases in GA traffic to New York airports over the past nine years, which also drove new investments to those facilities, a recent state senate budget proposal calls for abolishing the program. “These positive business decisions to ramp up investments in New York airports are a direct response to the enactment of AJA which significantly reduces taxes on aviation related sales and maintenance in New York,” noted the March 20 letter signed by the Aircraft Owners and Pilots Association (AOPA), New York Aviation Management Association (NYAMA), New York State Association of Counties (NYSAC) and NBAA. GROUPS URGE NEWYORKGOVERNOR TO MAINTAIN PRO-GENERAL AVIATION TAX PROGRAM OPENING L INES Source- nbaa.org , News Editor, First Published 21st March, 2024 NBAA has joined with other aviation and state economic groups in an appeal to New York Gov. Kathleen Hochul to preserve a vital incentive package that has been “an unqualified success” in bringing new aviation jobs and economic contributions, and greater regional competitiveness, to the Empire State. Enacted in September 2015, the New York Aviation Jobs Act (AJA) reversed years of detrimental tax policies aimed at general aviation (GA) aircraft, which put New York at a significant disadvantage compared to other Mid-Atlantic states with 15 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 03