ARSA RSS Feed ARSA LinkedIn
Ask ARSA Pay ARSA

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

The Dispatch – Feb. 1 Edition

The Dispatch – ARSA’s open-subscription weekly newsletter – provides a central communication for key updates to the global aviation maintenance community. All member contacts, industry allies and subscribers should receive…Read More

Quick Question Explored – SMS Proposed Rule

In January, the FAA issued its long awaited notice of proposed rulemaking (NPRM) that would update and expand the requirements for safety management systems. Despite the proposal’s (thankful) omission of…Read More

Industry Seeks Relief from Bilateral Parts Documentation Squeeze

On Jan. 31, ARSA coordinated submission of a letter to FAA and EASA executives seeking to correct misinterpretation of aircraft parts documentation requirements under the U.S./EU bilateral aviation safety agreement…Read More

Sponsor Salute

March 14-17, 2023 Arlington, Virginia and Washington, D.C. with Livestream Options for Online Participants Sponsors | Event Information | Registration | Hotel Reservations Thank you to the 19 organizations that have…Read More

SMS NPRM Issued Without Part 145

On Jan. 11, the FAA issued a long-awaited notice of proposed rulemaking (NPRM) that would update and expand the requirements for safety management systems. The proposal’s applicability does not include…Read More
1 Vision Aviation
ARSA