Tax Bill Provides 100 Percent Expensing Option in 2017 | Aviation International News

Regulations and Government

Tax Bill Provides 100 Percent Expensing Option in 2017

With marginal tax rate at about 40 percent, a taxpayer could see $800,000 in tax savings by purchasing a $2 million aircraft, says jetAvia tax expert.

By Kerry Lynch • Editor, AIN monthly magazine

December 21, 2017

A 100 percent expensing option will be available to owners of aircraft purchased after Sept. 27, 2017, under the comprehensive tax overhaul package that passed the House and Senate this week. The package, which awaits President Donald Trump’s signature, has been widely praised by both NBAA and NATA for the accelerated depreciation (100 percent expensing) measure and clarification on aircraft management fee taxation, among other provisions.

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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.

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