U.S. Extends Bonus Depreciation for Business Aircraft | Aviation International News

Regulations and Government

U.S. Extends Bonus Depreciation for Business Aircraft

By Chad Trautvetter • Online Editor

January 8, 2013

Despite his rhetoric during a presidential debate that “corporate jets” should not get tax breaks, President Obama signed a bill–the American Taxpayer Relief Act of 2012–last week that extends the 50-percent accelerated depreciation for capital goods, notably including business aircraft, through the end of this year. According to NBAA, this means that, in general, new business aircraft purchased this year are eligible to qualify for 50-percent “bonus” depreciation.

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