Regulations and Government
NBAA Backs Measures for Permanent Bonus Depreciation
House and Senate companion bills would make permanent full immediate expensing, or bonus depreciation, for qualified equipment, including aircraft.
Bills were introduced in both chambers of the U.S. Capitol to make full immediate expensing permanent. (Photo: Heather Trautvetter)
Bills were introduced in both chambers of the U.S. Capitol to make full immediate expensing permanent. (Photo: Heather Trautvetter)

NBAA is backing companion legislation introduced in the House and Senate this month that would make permanent 100 percent bonus depreciation, or immediate expensing, for qualified capital equipment, including for new and used business aircraft. Immediate expensing was modified and extended as part of the Tax Cuts and Jobs Act but is set to begin phasing out at the end of 2022 and completely phase out by 2027.