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 12.05.16

Airborne 12.06.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 12.05.16

Airborne 12.06.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

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 12.05.16: AutoGyro Certified, Police Seize Drone, GoPro Job Cuts

Also: Aldrin Evacuated, Shark US, Lufthansa, NASA, ESA's New Orbiter, FLIR Systems, Esterline The expression, “breaking news,” seems to be highly overused nowadays, but>[...]

ANN's Daily Aero-Linx (12.06.16)

Closing Santa Monica Airport: Something Does Not Add Up The latest update from the the Santa Monica Airport pointing out the reasons that the arguments for closing the airport "don>[...]

ANN's Daily Aero-Term (12.06.16): Clutter

In radar operations, clutter refers to the reception and visual display of radar returns caused by precipitation, chaff, terrain, numerous aircraft targets, or other phenomena.>[...]

Aero-News: Quote of the Day (12.06.16)

"Regardless of our appreciation of the public policy arguments raised by opponents, we have been advised that the law and our bilateral obligations leave us no avenue to reject thi>[...]

ANN FAQ: How To Get YOUR News Out On Aero-News

Good News, Bad News... It's ALL News As the preeminent online aviation news resource out there, the editorial staff at Aero-News sees a large number of news releases. We look at al>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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