How’s Marshall?
July 21, 2021 | Categories:
ARSA News & Updates
On July 8, ARSA Managing Director & General Counsel Marshall S. Filler underwent successful heart surgery. He is recovering at home and is on track to continue his passion as…Read More
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
Lawmakers Explore Aviation Workforce Diversity
July 21, 2021 | Categories:
ARSA News & Updates, FAA
The House Aviation Subcommittee held a hearing July 20 to discuss enhancing diversity in the aviation workforce.
The witnesses were (click a name to download their written testimony):
Rebecca Lutte,…Read More
Unpacking AD Authority
July 20, 2021 | Categories:
ARSA News & Updates, ARSA Works, FAA, Maintenance, Operations, Regulatory, Training
On July 2, ARSA requested clarification of the FAA’s authority to issue an Airworthiness Directive, questioning the April 22 posting of an AD against certain Uninsured United Parachute Technologies, LLC…Read More
Training – Parts Documentation Under the U.S.-EU MAG
To see all of ARSA’s work on the MAG, visit arsa.org/mag. For years, ARSA lead an industry wide effort to “smooth” implementation of parts documentation issues in the U.S.-EU Maintenance Annex…Read MoreAnti-Viral Measures
July 02, 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
