Posted on July 9th, 2010
The National Business Aviation Association (NBAA) recently commended the broad bipartisan support from Members of Congress who signed a letter urging the House Ways & Means Committee extend the temporary bonus depreciation for equipment purchases in 2010, which includes general aviation (GA) aircraft.
“On behalf of our Members, and the entire general aviation community, NBAA is grateful for this broad bipartisan show of support for this jobs-creating stimulation for the entire industry,” said NBAA President and CEO Ed Bolen.
The letter signed by 11 Democrats and seven Republicans asks Ways and Means Committee Chairman Rep. Sander Levin, D-Mich., and Ranking Member Rep. David Camp, R-Mich., to incorporate the bonus depreciation in the Small Business Jobs (tax) bill that the Senate is expected to discuss in mid-July.
The Congressional letter follows an open letter that NBAA, along with more than 80 American businesses and organizations, sent to House and Senate leaders calling for a renewal of bonus depreciation that expired at the end of 2009.
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