Sunday, July 20, 2008

Arkansas Policy on Private Jets

So how much was Kathy Taylor's gift of a flight on her corporate jet worth? Well Arkansas has established a formula for determining just such a trip. The wording of the opinion below deals with lobbyists and not fellow elected officials, but the fact that Taylor had a lobbyist on the plane to meet Councilor Patrick and to work him on the flight back to Tulsa, makes it in my book, pretty relevant.

Here is an excerpt from the Arkansas opinion:

Issued August 21, 1997


What is the fair market value of a ride on a private airplane provided by a lobbyist to a public official?


The actual operating costs of the aircraft for the trip should be used (usually expressed in terms of a hourly rate to operate the aircraft multiplied by the number of hours) divided by the number of passengers on the plane. This figure should be disclosed by the lobbyist, the public official or both on the applicable reporting form.
The way I see it, Patrick should get hit for at least half the cost of the flight. At the very least, he should report this on his taxes next year and pay income tax on the value of that flight.

1 comment:

Anonymous said...

Her Highness screwed up when she allowed that lobbyist on board. It's now no different than any other perk.