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 04.27.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Airborne Hi-Def On YouTube

Airborne 04.27.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

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

U.S. Drawing Down European Apache Fleet

Will Relocate 24 Aircraft From Germany To Alaska Twenty-Four Apache attack helicopters will be relocated from Germany to Alaska under a cost-saving plan being implemented by the U.>[...]

GoJet Airlines Announces ATP Flight School Partial Reimbursement Program

Program Subsidizes A portion Of ATP Tuition For Students Who Commit To Flying For GoJet Airlines GoJet Airlines is pleased to announce that it has teamed with ATP Flight School to >[...]

ANN FAQ: Getting The Most Out Of ANN's Newsletters

ANN goes through a lot of trouble to make the graphics flashy and cool and an integral part of the story. But let's face it, they're bandwidth-intensive. So here are a couple of th>[...]

Airborne 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

ANN's Daily Aero-Linx (04.26.15)

Aerospace Web Aerospaceweb.org is a non-profit site operated by engineers and scientists in the aerospace field. The goal of this site is to provide educational information on a va>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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