How’s Marshall?
July 26, 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
President Obama Signs Small Business Bill
September 27, 2010
The push for the Small Business Jobs Act (H.R. 5297) ended when President Obama signed the bill into law on September 27, giving Democrats a key policy victory.
The legislation creates a lending fund for small businesses while offering several tax incentives. Among the bill’s provisions are:
- Reinstatement of the 50 percent depreciation bonus for 2010, retroactive to the beginning of the year;
- Creation of a lending fund to provide capital for small businesses; and,
- An increase in Sec. 179 expensing levels to $500,000 (with a phase-out threshold of $2 million) for 2010 and 2011
Section 1099 Reform Unsuccessful
Unfortunately, attempts to repeal the IRS 1099 requirement from the health care law failed. The provision, which goes into effect in 2012, subjects businesses to data collection and IRS filing burdens on virtually all non-credit card purchases totaling $600 or more. ARSA recently joined hundreds of businesses and associations encouraging the repeal of the tedious requirements.
The Senate voted on two proposals: an amendment to repeal the 1099 mandate and one that would have increased the reporting threshold to $5,000 and eliminated the new filing requirement for businesses with fewer than 25 employees. Both amendments failed to garner the 60 votes needed for adoption.
More from ARSA
Anti-Viral Measures
July 27, 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
DOT Reopens Jobs Program Applications
July 27, 2021 | Categories:
Act Now, Advocacy, ARSA News & Updates, ARSA Works, Legislative, Press Releases, Regulatory
To keep tabs on all of ARSA’s work related to the current pandemic, visit arsa.org/anti-viral-measures.
On July 26, the U.S. Department of Transportation announced it will re-open applications for the…Read More
FAA to Restart Global Leadership Meeting
On July 20, the FAA announced plans to host its 8th Annual Global Leadership Meeting in Washington, D.C. on Sept. 22-23. The event will have both in-person and online attendance…Read MoreLawmakers 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
