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Tag "Bonus Depreciation"

The $11.2 million business jet conference table

The $11.2 million business jet conference table

Gary Horowitz, an aviation and tax attorney at Wiley Rein, looks at why the US Tax Court denied an business aircraft owner “bonus” tax depreciation and what it means for the industry. The relevant facts are simple. On 30 December,

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The US extends 50% bonus depreciation for business aircraft to 2013 and 2014

Throughout the recent American presidential election season, the one thing Romney and Obama agreed on was broadening the income tax base by paring deductions available for tax incentives favoring the “wealthy.” In the case of business aircraft, one such incentive would appear to be accelerated depreciation, which allows the acquisition cost be recovered over as few as 5 years…

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US House of Representatives pass HR4853

The US House of Representatives have passed HR 4853 the Tax Relief, Unemployment Insurance Reauthorisation and Job Creation Act of 2010.

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US to offer bonus depreciation on jets

Both GAMA and the NBAA has welcomed a US House of Representatives vote that allows bonus depreciation on business jets.

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