GAMA Cheers Passage Of Tax Act | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **
** Airborne 11.17.14 ** HD iPad-Friendly -- Airborne 11.17.14 **

Sat, May 24, 2003

GAMA Cheers Passage Of Tax Act

Depreciation Increase Could Boost GA Sales

Today, the United States House and Senate passed H.R. 2, the Jobs and Growth Tax Act of 2003. The bill includes a provision which GAMA has pushed that will increase from 30 percent to 50 percent the first year depreciation allowance for capital goods, including airplanes.

“The increase in the first year depreciation allowance should be a big boost to general aviation,” said General Aviation Manufacturers Association (GAMA) President & CEO, Ed Bolen. “This is a real financial incentive to buy airplanes now.”

Increasing the depreciation amount from 30 percent to 50 percent has been a top GAMA legislative priority for the year. The provision is set to expire on January 1, 2005. GAMA is a national trade association headquartered in Washington, DC representing over 50 manufacturers of general aviation aircraft, engines, avionics and related equipment. GAMA's members also operate fleets of aircraft, fixed based operations at many airports, and pilot training and maintenance training facilities.

FMI: www.GAMA.aero

Advertisement

More News

Barnstorming: FAA -- The Original EPA

The Governmental Death By 1000 Cuts Continues... Guest Editorial by Rich Davidson, Grass Cutting Administrator At Lee Bottom Flying Field/API Advisory Board Did you feel that Aero->[...]

Airborne 11.21.14: AEA's 3Q/14 Report, Fantasy Of Flight, Modernizing The NAS

Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]

Aero-TV: Lessons Learned -- Reflecting On Mark Baker’s First Year At AOPA

A No-Nonsense Q&A With AOPA Boss, Mark Baker ANN CEO and Editor-In-Chief, Jim Campbell sat down with AOPA’s President, Mark Baker to discuss his first year at the job and>[...]

AD: Agusta S.p.A. Helicopters

AD NUMBER: 2014-23-02 PRODUCT: Certain Agusta Model A109E, A109K2, A119, and AW119 MKII helicopters.>[...]

ANN's Daily Aero-Linx (11.22.14)

Baja Bush Pilots The Baja Bush Pilots organization was started by Arnold Senterfitt, author of the book "Airports of Baja and Mainland Mexico".>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC