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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.29.15

Airborne 06.30.15

Airborne 06.24.15

Airborne 06.25.15

Airborne 06.26.15

Airborne Hi-Def On YouTube

Airborne 06.29.15

Airborne 06.30.15

Airborne 06.24.15

Airborne 06.25.15

Airborne 06.26.15

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

Airborne 06.29.15: CRS-7 Launch Failure, Gone West: Steve O'Berg, FAA Overhaul

Also: OneWeb Launch Gig, Remove Cat Before Flight, Transport Canada, FAA Safety, UAVs v Whales, Wipline 10000, Helo $$$ Flying into space is a tough business and we are sorry to sa>[...]

Iraqi General Fatally Injured In F-16 Accident

Plane Went Down Last Week In Arizona During Training The government of Iraq has confirmed that Brig General Rafid Mohammed Hassan was fatally injured when the F-16 he was flying du>[...]

AD: Doswiadczalno- Produkcyjne Szybownictwa

AD NUMBER: 2015-13-03 PRODUCT: All Przedsiebiorstwo Doswiadczalno-Produkcyjne Szybownictwa 'PZL-Bielsko' Model SZD-50-3 'Puchacz' sailplanes.>[...]

AeroSports Update: EAA Chapters Chosen To Receive Wings

Five EAA Chapters Have Been Chosen To Receive Wings As Part Of The Give Flight Project At EAA AirVenture This Year This report is all about what EAA calls the Give Flight project t>[...]

ANN's Daily Aero-Linx (06.30.15)

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