New language in HB7031 treats certain leased flight simulation training devices used in pilot training (where a government entity ultimately becomes the owner under the lease/contract) as exempt from ad valorem taxation. Additionally, under HB7031, jet fuel, undyed kerosene, and aviation fuel will...
That makes it a soft cost, since the firm absorbs the expense first and then bills it to the client as part of internal overhead for service delivery. We recommend choosing one or the other to prevent confusion and for the most accurate...