GAMA seeks extension for bonus depreciation | Aviation International News

Regulations and Government

GAMA seeks extension for bonus depreciation

The General Aviation Manufacturers Association has launched a campaign to extend the accelerated-depreciation schedule on new capital equipment–including b

By AIN Staff • AIN Staff

January 31, 2007

The General Aviation Manufacturers Association has launched a campaign to extend the accelerated-depreciation schedule on new capital equipment–including business aircraft–which it calls a “defining factor” in $2 billion in jet sales. GAMA also wants to increase the period of time between the aircraft purchase date and when it has to be placed in service to qualify for the added tax incentive.

At press time, the association was planning a series of top-level meetings in Washington with congressional leaders and the Bush Administration. An extension of the bonus depreciation could be attached to any one of a number of tax bills that Congress is expected to address early this session.

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