ARSA RSS Feed ARSA LinkedIn
Contact Us Online Portal

House to Consider Legislation to Permanently Increase Sec. 179 Levels

Later this week, the House is expected to vote on the America’s Small Business Tax Relief Act (H.R. 4457), which permanently increases Sec. 179 expensing levels.

Under current law, beginning in 2014, a taxpayer may immediately expense up to $25,000 of Sec. 179 property annually, with a dollar for dollar phase-out of the maximum deductible amount for purchases in excess of $200,000. H.R. 4457 would permanently increase the maximum amount and phase-out threshold to the levels in effect from 2010 through 2013 ($500,000 and $2 million respectively).

Additionally, the proposal includes adjustments for inflation, repeals the exclusion of air-conditioning and heating units from qualified expenses, and eliminates the $250,000 limit on real property qualifying for expensing.

ARSA strongly supports permanently increasing Sec. 179 expensing levels to promote growth and add certainty to the tax code.  The association commends Congressman Pat Tiberi (R-Ohio) and the bill’s bipartisan supporters for their leadership on the issue.

 



More from ARSA

UK CAA Briefs U.S. Industry on Brexit

On Oct. 17, representatives from the United Kingdom’s Civil Aviation Authority (UK CAA) briefed ARSA and other aviation organizations on efforts to minimize the disruptive impact of the UK’s scheduled…Read More

Board, Ally and Regulator Face Time

On Oct. 11, ARSA welcomed its board of directors to Washington, D.C. for an afternoon of aviation industry meetings. Co-hosted by the General Aviation Manufacturers Association (GAMA) at its Washington,…Read More

A Penny for ARSA’s Thoughts

On Nov. 6-7, ARSA Executive Director Sarah MacLeod will join the inaugural Aviation Repair Summit hosted by Penny Strategies at Globe Life Park in Arlington, Texas. Association members in the Lone…Read More

HELI-EXPO 2019: School’s In Session and Online

Image courtesy Helicopter Association International. www.rotor.org On March 4, 2019, ARSA’s great regulatory minds will be at HAI HELI-EXPO 2019 in Atlanta, Georgia. Marshall S. Filler and Sarah MacLeod, the association’s…Read More

Hotline Highlight: A Turning Point

The hotline – ARSA’s premier member newsletter – contains news, editorial content, analysis and resources for the aviation maintenance community. All members should ensure they receive their edition the first week of…Read More
ARSA