Thank You, Mr. Tax Man | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Tue, Oct 12, 2004

Thank You, Mr. Tax Man

NBAA Cheers Extension Of Bonus Depreciation

The National Business Aviation Association (NBAA) applauds Senate passage of a tax relief bill extending bonus depreciation. In a rare holiday session, today the Senate passed a compromise version of the American Jobs Creation Act of 2004 (HR 4520), by a vote of 69 to 17, clearing the way for the bill to be signed into law by President Bush.

Included in the legislation is a provision that extends for 12 months the placed-in-service requirement for companies purchasing business aircraft to qualify for bonus depreciation. The U.S. House of Representatives passed the measure on Thursday.

"Extension of the placed-in-service requirement is great news for the business aviation community," said NBAA President and CEO Ed Bolen. "This is a strong incentive for companies to purchase new aircraft, and the purchase of a new aircraft is a direct investment in the corporate flight department."

FMI: www.nbaa.org

Advertisement

More News

ANN's Daily Aero-Linx (05.04.24)

Aero Linx: JAARS Nearly 1.5 billion people, using more than 5,500 languages, do not have a full Bible in their first language. Many of these people live in the most remote parts of>[...]

NTSB Final Report: Quest Aircraft Co Inc Kodiak 100

'Airplane Bounced Twice On The Grass Runway, Resulting In The Nose Wheel Separating From The Airplane...' Analysis: The pilot reported, “upon touchdown, the plane jumped back>[...]

Aero-News: Quote of the Day (05.04.24)

"Burt is best known to the public for his historic designs of SpaceShipOne, Voyager, and GlobalFlyer, but for EAA members and aviation aficionados, his unique concepts began more t>[...]

Aero-News: Quote of the Day (05.05.24)

"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]

Read/Watch/Listen... ANN Does It All

There Are SO Many Ways To Get YOUR Aero-News! It’s been a while since we have reminded everyone about all the ways we offer your daily dose of aviation news on-the-go...so he>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC