NBAA: Congress Mulls Potential Aircraft Deduction Limitations | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 02.23.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Tue, Jul 06, 2004

NBAA: Congress Mulls Potential Aircraft Deduction Limitations

Would Nullify Some Aspects Of Bonus Depreciation

The NBAA warns lawmakers in Washington are eyeing the corporate jet as a possible source of additional revenue for the US Treasury.

Current legislation includes the Corporate Jet Tax Reform Act of 2004 (HR 4352) and an amendment to a recently-passed Jumpstart Our Business Strength (JOBS) Act that would serve to counter-balance the positive effect of the bonus depreciation provision that already is an approved part of the act. These bills would limit the deductions a company can take if corporate aircraft are used for personal flights.

In a release to ANN, the NBAA says it's "actively working to educate lawmakers on the valid reasons for personal use of corporate aircraft, the negative effects of this legislation and the reimbursement/payment limitations placed on companies operating under FAR Part 91."

FMI: http://web.nbaa.org/public/govt

Advertisement

More News

Airborne 02.27.15: CS300 Flies, Nimoy Goes West, NTSB's Hart OK'd, PBOR II

Also: Bell 505 Update, Mooney Update, UAV Hysteria, AAR Sells Telair, True Blue Power, More UAV Waivers, Flyers Rights The Bombardier CSeries CS300 airliner made its first flight t>[...]

Aero-News: Quote Of The Day (03.01.15)

“Sentinel 2 is the next important milestone to deploy Europe´s Copernicus program for which Airbus Defence and Space is a key contributor. In particular, we are prime c>[...]

ANN's Daily Aero-Term (03.01.15): Advancing Blade

Advancing Blade That half of the rotor disc in which the rotation of the blade is moving in the same direction as the movement of the helicopter. If the helicopter is moving forwar>[...]

ANN's Daily Aero-Linx (03.01.15)

Aero Linx: The New England Helicopter Council The New England Helicopter Council is committed to promoting rotorcraft aviation through and for the benefit of our membership. If you>[...]

CASA Grants Extension On Small Aircraft Licensing Transition

Australian Agency Lengthens Training Period For Maintenance Candidates The Civil Aviation Safety Authority of Australia has extended the training period for individuals seeking a s>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC