Update On Aircraft Depreciation Rules
The aircraft depreciation tax has contributed to the seller’s market for the last several years, but—as of time of writing—the tax has not yet been renewed.
Credit: iStock/Getty Images/Jetlinerimages
Will Congress restart the bonus depreciation clock? Hill watchers are hopeful. The House passed the Tax Relief for American Families and Workers Act on Jan. 31 by a vote of 357-70. Senate Majority Leader Chuck Schumer expressed support for the bill. The Senate Finance Committee recommended extending...
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