Bizav bonus-depreciation extension hits turbulence | Aviation International News

Regulations and Government

Bizav bonus-depreciation extension hits turbulence

Although the accelerated-depreciation bonus has been credited with a pickup in orders for new business jets, the General Aviation Manufacturers Association

By AIN Staff • AIN Staff

March 28, 2007

Although the accelerated-depreciation bonus has been credited with a pickup in orders for new business jets, the General Aviation Manufacturers Association is encountering rough going in the Senate over its efforts to get the tax break extended.

Under the most recent law, the first-year bonus depreciation is 50 percent for new aircraft and similar capital equipment. It applies to aircraft purchased after May 5 last year and before next January 1, and requires that the new aircraft be placed in service by next January 1.

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