Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

NBAA is encouraging its members to weigh in with their lawmakers on bonus depreciation, like-kind exchanges, and aircraft management fee measures as Capitol Hill negotiates a final comprehensive tax bill this week. The House and Senate versions of the tax bill address different aspects of these measures.

 


Both provide for 100 percent immediate expensing (often referred to as bonus depreciation) of business assets, but the House bill covers both new and preowned aircraft. The measures would apply to purchases through 2023, but the Senate has a phase-down that continues through 2027.

 


While both bills would repeal like-kind exchanges for business assets, NBAA said the accelerated depreciation would help offset that. Under like-kind exchange measures, taxable gains on the sale of a business asset can be deferred if that asset is exchanged for a similar asset.

 


“The immediate expensing provision helps make up for the like-kind exchange repeal, but there is, of course, a sunset date for immediate expensing,” said NBAA senior director of government affairs Scott O’Brien. “But the Senate language, which does not allow immediate expensing for preowned equipment, is a disincentive for the purchase of preowned business aircraft.”

 


NBAA also noted the Senate bill measure clarifies that business aircraft management service fees are not subject to the commercial airline ticket tax.

 


Encouraging members to let their voices be heard on Capitol Hill, the association created <a href="https://www.nbaa.org/advocacy/contact/?ISSUE=nbaa0110">an electronic letter</a> to help members contact Congress specifically on accelerated depreciation.

 


“The association supports the language in the House bill, which allows immediate expensing for new and preowned business assets and preserves important tax benefits for businesses,” O’Brien said.

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

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News about environmental issues relating to aircraft operations, including noise issues, emissisions, and regulations. See Fuel for biofuel.

News and developments about aviation fuel, including jet fuel, aviation gasoline, and biofuel.

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