HR 8644

This bill, the Stop Subsidizing Private Jets of 2026, aims to limit tax deductions for expenses related to private aircraft. Specifically, it proposes to disallow deductions for purchasing, maintaining, or operating private planes that don't meet certain criteria. The bill defines ‘disqualified private plane expenditures’ to exclude aircraft used for transporting goods, agricultural or emergency purposes, or for public services like flight instruction, skydiving, or sightseeing flights. The changes would take effect starting January 1, 2026.