ARSA RSS Feed ARSA LinkedIn
Ask ARSA Pay ARSA

Ways & Means Committee Approves Permanent Depreciation Bonus Legislation

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

FAA to Cancel C.A.S.E. OpSpec Guidance

On Nov. 16, the FAA agreed with ARSA and the Aircraft Electronics Association in determining its new OpSpec D090 for Repair Stations was not supported by a regulatory requirement. The…Read More

Nuts & Bolts Nominations Due Dec. 15

Airlines for America’s Engineering, Maintenance, and Materiel Council (EMMC) is accepting nominations for the 2024 Nuts & Bolts Awards. The awards, granted to an airline and non-airline recipient each year,…Read More

New Cross-Reference Matrices for Compliance with U.S./UK MAG

ARSA’s new cross-reference matrices are available for U.S.-based repair stations looking to show compliance with the special conditions established under the bilateral agreement between the United States and the United…Read More

FAA, EASA Publish TIP 7 & Update AIR Contacts

On Nov. 6, ARSA discovered the publication of Revision 7 of the Technical Implementation Procedures related to the Bilateral Aviation Safety Agreement between the United States and European Union. The…Read More

Quick Question – Age Yourself (and Your People)

The “aging” maintenance workforce is a regular talking point. As current technicians reach their fifth and sixth decades, finding and preparing people to replace those “master mechanics” is an essential…Read More
Schaeffler Aerospace
ARSA