Sat, Jun 26, 2010
Calls Measure A "Proven Incentive For Business"
The NBAA offered praise Friday to
Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking
Member Charles Grassley (R-IA) for introducing a proposal to extend
accelerated, or "bonus" depreciation for equipment purchases in
2010 including GA aircraft.
The existing accelerated-depreciation policy expired at the end
of 2009; in April, NBAA joined with more than 80 American
businesses and organizations in sending an open letter to House and
Senate leaders calling for renewal of the policy.
"Bonus depreciation is a proven
incentive for businesses to accelerate replacement and purchases of
essential equipment, including GA aircraft," said NBAA President
and CEO Ed Bolen (pictured, right). "We commend Senators Baucus and
Grassley for introducing this important legislation."
The manufacture and use of business aircraft supports more than
one million jobs, contributes positively to the nation's trade
balance, helps companies of all sizes be more efficient, productive
and competitive and provides a vital transportation link to
communities across the U.S., especially those that have lost some
or all airline service in recent years. Nevertheless, a continuing
economic recession has weighed heavily on the industry, which over
the past year has witnessed a significant drop in flight hours,
decreased aircraft sales, and a raft of layoffs among aircraft
manufacturers. Retaining accelerated depreciation would help
incentivize the purchase of general aviation aircraft, and the jobs
and other benefits that come with it.
"Introducing legislation in the Senate to renew the existing
accelerated depreciation policy as part of the recovery effort
would continue the virtuous cycle of stimulating a vital industry
through tax incentives, bringing back more U.S. manufacturing jobs
and improving our trade balance, and at the same time enabling many
more American companies to continue using business aviation to
succeed," Bolen said.
More News
Airbus Racer Demonstrator Makes Inaugural Flight Airbus Helicopters' ambitious Racer demonstrator has achieved its inaugural flight as part of the Clean Sky 2 initiative, a corners>[...]
A little Bit Quieter, Said Testers, But in the End it's Still a DA40 Diamond Aircraft recently completed a little pilot project with Lufthansa Aviation Training, putting a pair of >[...]
Line Up And Wait (LUAW) Used by ATC to inform a pilot to taxi onto the departure runway to line up and wait. It is not authorization for takeoff. It is used when takeoff clearance >[...]
Contributing To The Accident Was The Pilot’s Use Of Methamphetamine... Analysis: The pilot departed on a local flight to perform low-altitude maneuvers in a nearby desert val>[...]
From 2015 (YouTube Version): Overcoming Obstacles To Achieve Their Dreams… At EAA AirVenture 2015, FedEx arrived with one of their Airbus freight-hauling aircraft and placed>[...]
Airbus Racer Helicopter Demonstrator First Flight Part of Clean Sky 2 Initiative
See All