Bonus Depreciation Advances in U.S. Senate | Aviation International News

Regulations and Government

Bonus Depreciation Advances in U.S. Senate

After last year's last-minute extension, industry groups are hoping Congress acts sooner this year.

By Kerry Lynch • Editor, AIN monthly magazine

July 28, 2015

Encouraged by the U.S. Senate Finance Committee’s recent vote to extend bonus depreciation, aviation groups are continuing their push for swift consideration in both the U.S. House of Representatives and Senate. The Senate Finance Committee last week approved a two-year extension of a number of tax measures, including 50-percent bonus depreciation, increased Section 179 expensing levels and the research and development credit.

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