Lawmakers urge Congress to extend bonus depreciation | Aviation International News

Regulations and Government

Lawmakers urge Congress to extend bonus depreciation

Two congressmen have sent a letter to the House Ways and Means Committee asking the tax-writing body to extend the bonus depreciation incentive for noncomm

By AIN Staff • AIN Staff

March 31, 2010

Two congressmen have sent a letter to the House Ways and Means Committee asking the tax-writing body to extend the bonus depreciation incentive for noncommercial aircraft purchases.

Under bonus depreciation, companies and individuals were allowed to claim an additional depreciation of up to 50 percent during the first year after purchase on capital equipment used primarily for business and placed in service by the end of last year.

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