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 05.02.16

Airborne 05.03.16

Airborne 05.04.16

Airborne 05.05.16

Airborne 05.06.16

Airborne Hi-Def On YouTube

Airborne 05.02.16

Airborne 05.03.16

Airborne 05.04.16

Airborne 05.05.16

Airborne 05.06.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

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 05.04.16: FAA Part 23, IAC AirVenture Theme, Boeing 737 MAX

Also: Supersonic Sound Pollution, Wartime WartHog, Biplanes And Triplanes, Esterline, Airbus H145M, 21st CSAF, NATA Appointment On the eve of an FAA public hearing in College Park,>[...]

FAA Administrator Makes Two Major Drone Announcements

Establishes Advisory Committee To Provide Advice On UAV Issues Speaking today at the AUVSI annual conference in New Orleans, FAA Administrator Michael Huerta announced the agency i>[...]

Airborne 05.03.16: Solar Impulse 2, SpaceX v Mars, 5000 Section 333 Exemptions

Also: Textron Drone, Aero-Calendar, Aviation Gateway Park, NASA And FAA, R22 Flashcards, MI Av Program, ArcaBoard At the time we put this report together, the Solar Impulse 2 had s>[...]

Airborne 05.04.16: FAA Part 23, IAC AirVenture Theme, Boeing 737 MAX

Also: Supersonic Sound Pollution, Wartime WartHog, Biplanes And Triplanes, Esterline, Airbus H145M, 21st CSAF, NATA Appointment On the eve of an FAA public hearing in College Park,>[...]

ANN's Daily Aero-Linx (05.05.16)

USHPA Chapters and Clubs Chapters are member-controlled organizations approved by the USHPA. They are autonomous, self-governing, financially independent groups of flying enthusias>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC