ARSA RSS Feed ARSA LinkedIn
Ask ARSA Online Portal

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

Anti-Viral Measures

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

DOT Clarifies AMJP Interim Payment Policy

To keep tabs on all of ARSA’s work related to the current pandemic, visit arsa.org/anti-viral-measures. The U.S. Department of Transportation has issued a clarification on the Interim Payment provision of…Read More

Hotline Highlight – Direct Access

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

Do You Know a “40 Under 40” AMT?

ARSA’s commitment to building the aviation maintenance workforce of the future means celebrating the excellence of the men and women who already keep the world safely in flight. The association…Read More

Industry Presses FAA on ICA

On Dec. 27, representatives of 14 aviation industry associations urged FAA Administrator Steve Dickson to act on the agency’s enforcement of rules related to instructions for continued airworthiness (ICA). The…Read More
ARSA