MEMBER ALERT: AOPA will be closing at 1:45 p.m. Eastern on Dec. 6 and will reopen at 8:30 a.m. Eastern on Dec. 9.
September 23, 2010
By Dan Namowitz
Sales of aircraft and other business machinery and equipment could receive a significant boost after Congress passed a bill that extends a tax provision known as bonus depreciation. The House on Sept. 23 passed the Small Business Jobs Act, which extends bonus depreciation through 2010.
The Senate passed the bill on Sept. 16. The act extends a provision that allowed businesses to accelerate recovery of some capital costs made in 2008 and 2009, compared to ordinary depreciation schedules. Using bonus depreciation, a business can write off 50 percent of the depreciable property’s cost in the year the purchase is made.
On its introduction last June, AOPA President Craig Fuller praised bonus depreciation as potentially “the key that unlocks the dream of aircraft ownership for many of our members.”
The president is expected to sign the bill into law.
NetJets has added a new safety feature to its long-range fleet: a doctor who is always in.
Shell announced Dec. 3 the development of an unleaded aviation fuel that will be submitted for certification as a "performance drop-in" avgas replacement.
Candler Field Flying Club is a young group focused on teaching young people to fly.
AOPA thanks our members for their continued support in protecting the freedom to fly.