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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