Originally Posted by
bbc1969
I would like to find the documentation saying that airlines are allowed tax incentives towards any costs incurred with the program.
The Act signed into law in the fall of 2001 (as well as the reg's pre-911) do state that FAMs will not be charged for seats. We were led to believe that tax allowances did exist to offset any costs. Proof would be nice.
I think that you can keep on looking because that tax credit does not exist. Hard to prove a negative. Search through the Internal Revenue Code, because that is where it should be.
In addition, a tax credit doesn't do much good if you have a net loss, which was the case for almost all airlines in the years immediately following 9/11.