Standard Industry Fare Level (SIFL) For First Half Of Calendar Year 2012

The U.S. Department of Transportation, as reported by the National Business Aviation Association, has released the SIFL rates for the six-month period from Jan. 1, 2012 to June 30, 2012.

This information is necessary when applying the IRS' aircraft valuation formula to compute the value of non-business transportation aboard employer-provided aircraft as required under IRS Section 1.61-21(g). For additional information, see the National Business Aviation Association website at www.nbaa.org. The rates are:

Mileage Range

Amount Per Mile

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