Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

NetJets To Lawmakers: Restore Tax Exemptions Or The Firm May Relocate


Aviation companies, including Columbus-based NetJets, are asking the Ohio Senate to restore tax exemptions they say help them compete. 

And NetJets has also threatened to relocate. At issue are exemptions related to the sales of planes where multiple owners share the purchase and maintenance costs. The House version of the two-year state budget proposal removed the exemptions.  Ohio Public Radio's Jo Ingles reports.

The Executive Vice President of  NetJets, Bradley Ferrell, urged senators to think twice.

NetJets would either have to pass this tax obligation through to its customers which would adversely affect NetJets competitiveness by increasing the price of its products or alternatively, it would have to incur the tax impact itself thereby negatively affecting its profitability. Neither of these options would be palatable to NetJets long term. Instead, NetJets would be forced to consider other states with more favorable sales tax environments. And there are plenty.”


But Democratic Sen. Nickie Antonio noted Ohioans pay more than 7% sales tax.


So why is it that NetJets shouldn’t pay almost as much as everyday Ohioans pay for their sales tax?”


Ferrell says NetJets pays other taxes and has 2400 good paying jobs and could take its business to any one of 14 other states that exempt or greatly reduce sales taxes.

The Statehouse News Bureau was founded in 1980 to provide educational, comprehensive coverage of legislation, elections, issues and other activities surrounding the Statehouse to Ohio's public radio and television stations. To this day, the Bureau remains the only broadcast outlet dedicated to in-depth coverage of state government news and topics of statewide interest. The Bureau is funded througheTech Ohio, and is managed by ideastream. The reporters at the Bureau follow the concerns of the citizens and voters of Ohio, as well as the actions of the Governor, the Ohio General Assembly, the Ohio Supreme Court, and other elected officials. We strive to cover statehouse news, government issues, Ohio politics, and concerns of business, culture and the arts with balance and fairness, and work to present diverse voices and points of view from the Statehouse and throughout Ohio. The three award-winning journalists at the bureau have more than 60 combined years of radio and television experience. They can be heard on National Public Radio and are regular contributors to Morning Edition, All Things Considered and Marketplace. Every weekday, the Statehouse News Bureau produces in-depth news reports forOhio's public radio stations. Those stories are also available on this website, either on the front page or in our archives. Weekly, the Statehouse News Bureau produces a television show from our studios in the Statehouse. The State of Ohio is an unique blend of news, interviews, talk and analysis, and is broadcast on Ohio's public television stations. The Statehouse News Bureau also produces special programming throughout the year, including the Governor's annual State of the State address to the Ohio General Assembly and a five-part year-end review.
Related Content