The U.S. Department of Transportation, as reported by the National Business Aviation Association, has recently revised the SIFL rates for the six-month period from Jan. 1, 2011 to June 30, 2011.

This information is necessary when applying the IRS' aircraft valuation formula to compute the value of non-business transportation aboard employer-provided aircraft. This is required under IRS Section 1.61-21(g). For additional information see the National Business Aviation Association website at www.nbaa.org.

Mileage Range

Amount Per Mile

0-500 miles:

$0.2237

501-1,500 miles:

$0.1707

over 1,500 miles:

$0.1640

Terminal Charges:

$40.90

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