The new federal spending bill is expected to boost private jet sales as owners can now write off 100% of the purchase price immediately. This tax benefit applies to business jets placed into service in or after Jan. 19, 2025, reviving a provision of the 2017 tax cuts. Jet brokers have seen increased interest in purchases.

The private jet industry, which saw a slowdown in growth from its peak in 2020-2021, is expected to benefit from the tax stimulus. Many wealthy individuals who bought planes during Covid are now selling them due to high maintenance costs. The number of pre-owned business jets for sale has increased, with longer average time on the market.

Brokers anticipate a surge in private jet purchases in the fall, as companies and individuals finalize their tax bills. The tax change won’t be the sole reason for buying a plane, but it will influence decisions. Advisers recommend buying before September to avoid competition and capitalize on the current market conditions.

Read more at CNBC: Tax cuts for private jet buyers expected to lead to surge in sales