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

ARSA Remembers – Stewart Mercer (1938-2018)

Stewart Mercer. Photo courtesy the Mercer Family. Stewart Mercer, passionate aviation professional, community leader and world traveler, passed away on Aug. 12. He was 80. “The industry lost another of…Read More

Urging Senate FAA Reauthorization Action

On Aug. 15, ARSA joined 32 other industry organizations in delivering a letter to Senate leadership urging quick FAA reauthorization action. The Senate FAA bill (S. 1405) is on the…Read More

Repair Station Security Resources

On Aug. 15, ARSA released a Repair Station Security Fact Sheet as a resource for the media, policymakers and the general public understand the rules applicable to FAA-certificated maintenance facilities.…Read More

Another Parts Documentation Extension

Effective Aug. 7, the FAA again explained a repair station’s authority to inspect and issue FAA Form 8130-3 with a right-side signature for new articles received without documentation required by…Read More

FAA, Industry Connect on Remote Connectivity

On Aug. 7, the FAA confirmed it would finalize and publish the industry-produced draft advisory circular providing “guidance for using remote connectivity technology and tools.” “The Aircraft Certification Service (AIR)…Read More
ARSA