Ways & Means Committee Approves Permanent Depreciation Bonus Legislation
September 21, 2015
While the House of Representatives already approved legislation to permanently increase higher Sec. 179 levels, on Sept. 17, the chamber’s chief tax-writing panel affirmed its commitment to bonus depreciation.
On Sept. 17, the House Ways & Means Committee approved a bill introduced by Rep. Pat Tiberi (R-Ohio) to make 50 percent bonus depreciation a permanent part of the tax code (H.R. 2510). The important capital investment incentive expired at the end of 2014.
The latest action follows last February’s advancement of the America’s Small Business Tax Relief Act of 2015 (H.R. 636), which permanently increases the maximum amount and phase-out threshold to the levels in effect in 2010 through 2014 ($500,000 and $2 million respectively) and allows for inflation adjustments.
Prior to the August congressional recess, the Senate Finance Committee approved reinstating 50 percent bonus depreciation and increased Sec. 179 levels for two years (2015-2016). While movement on these important capital investment incentives is encouraging, the provisions likely won’t be enacted until year’s end as part of a broader “extenders” package.
More from ARSA
Beyond Benevolence with FAA Youth Task Force
On Oct. 8, the FAA convened the fourth public meeting of the Youth Access to American Jobs in Aviation Task Force. The session followed the task force’s usual format: updates…Read MoreHotline Highlight – Much to Report
October 04, 2021 | Categories:
ARSA News & Updates
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
Anti-Viral Measures
September 29, 2021 | Categories:
Advocacy, ARSA Works, Aviation Policy, EASA, FAA, Featured Post, Legislative, Maintenance, Operations, Regulatory, Training
For the use of its members and the larger aviation community, ARSA is maintaining this page as a resource for virus-related updates on policy initiatives and business needs. Please bookmark…Read More
