Lawmakers could renew depreciation | Aviation International News

Regulations and Government

Lawmakers could renew depreciation

With the rancor over business jet use now receding in Congress’s rear-view mirror, House and Senate lawmakers are jumping in line to extend accelerated dep

By AIN Staff • AIN Staff

August 3, 2010

With the rancor over business jet use now receding in Congress’s rear-view mirror, House and Senate lawmakers are jumping in line to extend accelerated depreciation for major equipment purchases– including general aviation aircraft–in 2010.

Following a similar move in the House, Senate Finance Committee chairman Max Baucus (D-Mont.) and ranking Republican Chuck Grassley (Iowa) introduced a
bill that would do just that. The previously existing accelerated-depreciation policy expired at the end of last year.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Become a Member

FAA Progressing on ATC Reform, Needs Better Schedule

GAO report criticized implementation of new air traffic control system

Regulations and Government

GAO report airport tower

GAMA Cheers Congress Action on FAA Certification Bill

Approved by committee, the legislation now goes to the House floor

Regulations and Government

U.S. Capitol

AINsight: How To Use AI When Buying an Aircraft

Use AI cautiously and assess its output

Regulations and Government

abstract image of business jet

African Bizav Strives for Greater Market Opportunity

Industry group presses for regulatory progress and continuity across the continent

Regulations and Government

African Business Aviation Association

FAA Proposes Easing Medical Approvals for Diabetic Pilots

Rule would not apply to insulin-treated diabetes

Regulations and Government

A patient sit's at a doctor's desk while she reviews information on paper in front of her

Congress OKs Stopgap Government Funding Measure

Move averts potential shutdown

Regulations and Government

US Capitol rotunda

Longtime Bizav Attorney Gary Garofalo Flies West

His career spanned more than five and a half decades

Regulations and Government

Garofalo

New Treasury Rule Limits LLC Information Reporting

The revision relaxes some provisions of the Corporate Transparency Act

Regulations and Government

Business jet taking off