ARSA RSS Feed ARSA LinkedIn
Contact Us Payment Portal

Tax Day: ARSA Lays Out Tax Reform Priorities

As Americans submitted their annual tax returns to the Internal Revenue Service, ARSA outlined the aviation maintenance industry’s tax reform priorities.

In comments to the Senate Finance Committee’s Business Income Tax and Savings & Investment Working Groups, ARSA Vice President of Legislative Affairs Daniel B. Fisher encouraged Congress to “restore long-term certainty and simplification to the tax code, and pursue pro-growth tax policies to encourage job creation, economic growth, business risk-taking, and investment.”

Specifically, Fisher urged Congress to proceed simultaneously on corporate and pass-through tax reform, permanently increase Sec. 179 expensing and phase out levels, repeal the federal estate tax and refrain from altering general aviation aircraft depreciation schedules.

The Senate Finance Committee established working groups to solicit ideas for creating a simpler, fairer and more efficient tax code.  In addition to business income and savings  and investment,  teams are analyzing existing tax law and examining policy trade-offs in the areas of individual income tax, international tax and community development and infrastructure.  Each is tasked with issuing recommendations by the end of May.

“ARSA looks forward to working with Congress to ensure the small-medium sized-dominated aviation maintenance industry benefits from comprehensive tax reform,” Fisher said.  “Tax policy should drive growth and job creation while facilitating entrepreneurship, efficiency and business investment to ensure economic viability and U.S. competiveness.”



More from ARSA

Live FAA Training Session on China IPA

Click the image to register for the training session. On Jan. 17, ARSA will host an online training session led by FAA personnel on the Implementation Procedures for Airworthiness (IPA)…Read More

Symposium 2018 – Plan Now for ARSA’s Premier Event (It’s Growing)

Registration will open in January for the 2018 Annual Repair Symposium, which will be held from March 13-16, 2018 in the nation’s capital alongside ARSA’s Legislative Day and (the new)…Read More

ARSA, Barfield Team with Commerce Department for Civil Aviation Webinar

ARSA Executive Vice President Christian A. Klein and Bryan King of association member Barfield Precision Electronics will participate in a special Department of Commerce webinar on the World Trade Organization…Read More

Quick Question: Drone Maintenance

Repair stations must plan carefully in order to perform work on existing aircraft fleets while meeting needs presented to the market by new equipment. Over the past few years, enhancing…Read More

On Demand Training – Complying with MAG 6

To see all of ARSA’s work on the MAG, visit arsa.org/mag. For more than two years, ARSA has been leading an industry wide effort to “smooth” implementation of changes 5 (and now 6) to…Read More
ARSA