Bonus depreciation spurs bizjet sales | Aviation International News

Regulations and Government

Bonus depreciation spurs bizjet sales

At the NBAA Convention last month, credit for a recent increase in used aircraft sales was frequently given to the bonus depreciation benefit that is part

By AIN Staff • AIN Staff

November 26, 2007

At the NBAA Convention last month, credit for a recent increase in used aircraft sales was frequently given to the bonus depreciation benefit that is part of the Jobs and Growth Tax Relieve Reconciliation Act that went into effect this year. “It has already been a boost to used aircraft sales, and it is going to affect new aircraft sales,” said a sales executive at the convention.

In simple terms, the bonus depreciation benefit accelerates the tax advantage already available into the year of the aircraft acquisition, explained Edward Kammerer, a partner with the law firm of Edwards & Angell in Providence, R.I., and a member of NBAA’s tax committee.

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