NBAA addresses aircraft depreciation discussed at the first Presidental Debate

National Business Aircraft Association corrects Obama’s inaccuracies and flawed proposal for general aviation and small business. Changing depreciation on business aircraft from 5-7 years does not help the economy. You can still only depreciate 100%; whether it is done in five years or seven years it is still only 100%. It is better to have the ability to depreciate an asset faster, stimulate sales of durable goods, produce jobs as well as save jobs, allow business to grow, stimulate commerce and cause the generation of millions of dollars for other programs in tax revenue from the sale of fuel to other related items. Stifling growth of America and the affordability of assets used by business is not the way to go.
Read the full article here.

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