A new report from the U.S. Government Accountability Office (GAO) calls for lawmakers to clarify tax exemptions for advanced air mobility (AAM) aircraft and their associated infrastructure.
Though several AAM companies plan to launch air taxi and cargo delivery services in 2025, most of the U.S. still lacks the infrastructure required to enable those operations, such as vertiports and other takeoff and landing sites. Individual infrastructure projects could cost anywhere between $500,000 and $10 million each, according to the GAO. In its report, the GAO noted that early AAM infrastructure will rely mostly on private funding and that public funding may increase over time as AAM becomes more widely adopted.
The U.S. FAA is tasked with certifying new aircraft, prescribing requirements for ground-based infrastructure, and operating the national air traffic control system. Most of the FAA’s budget comes from the Airport and Airway Trust Fund, which is supported by taxes paid by aviation users. These include taxes on passengers, cargo, aviation fuels, and facilities. Federal laws administered by the Internal Revenue Service determine who is exempt from paying certain taxes.
|