ARSA RSS Feed ARSA LinkedIn
Ask ARSA Online Portal

House to Consider Legislation to Permanently Increase Sec. 179 Levels

Later this week, the House is expected to vote on the America’s Small Business Tax Relief Act (H.R. 4457), which permanently increases Sec. 179 expensing levels.

Under current law, beginning in 2014, a taxpayer may immediately expense up to $25,000 of Sec. 179 property annually, with a dollar for dollar phase-out of the maximum deductible amount for purchases in excess of $200,000. H.R. 4457 would permanently increase the maximum amount and phase-out threshold to the levels in effect from 2010 through 2013 ($500,000 and $2 million respectively).

Additionally, the proposal includes adjustments for inflation, repeals the exclusion of air-conditioning and heating units from qualified expenses, and eliminates the $250,000 limit on real property qualifying for expensing.

ARSA strongly supports permanently increasing Sec. 179 expensing levels to promote growth and add certainty to the tax code.  The association commends Congressman Pat Tiberi (R-Ohio) and the bill’s bipartisan supporters for their leadership on the issue.

 



More from ARSA

GAO Critiques FAA Workforce Planning

On May 13, the U.S. Government Accountability Office (GAO) released an assessment of FAA workforce planning. The report was required by the FAA Reauthorization Act of 2018. The law tasked…Read More

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

EM.TEC Meeting Covers Brexit, Bilaterals and Pandemic Recovery

On May 4, ARSA Managing Director and General Counsel Marshall Filler represented the association at a remote meeting of the EASA Engineering & Maintenance Technical Committee (EM.TEC). EASA managers briefed…Read More

Hotline Highlight – Manual Transmission Comes Standard

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

Manuals & Tools

Tools for ARSA Members | RSQM Compilation | Order Form | FAQ The association provides model manuals, programs and supplements designed to assist companies with regulatory compliance. Each model or template has…Read More
ARSA