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Friday, 05 December, 2014

Senate Will Vote on Tax Extenders Package Including Bonus Depreciation and Section 179 Expensing

FOR IMMEDIATE RELEASE                                                               FOR MORE INFORMATION CONTACT
Shannon Chambers
Director, Marketing & Communications
800-808-6282
schambers@nata.aero

 

Senate Will Vote on Tax Extenders Package Including Bonus Depreciation and Section 179 Expensing

Alexandria, VA, December 5, 2014 – The National Air Transportation Association (NATA), a leading member of the coalition in support of extending accelerated (bonus) depreciation, has been informed by Senate Majority Leader Reid’s office that the Senate will act on a tax extenders package that includes bonus depreciation and section 179 expensing before the lame duck session adjourns.  This clarification was made in response to an article that appeared in The Hill last evening attributing to Majority Leader Reid a concern that the Senate might not have time to pass the House tax extenders bill before adjourning.

“While it is likely the Senate will only have time to consider the House package that extends bonus depreciation and section 179 expensing for 2014, we deeply appreciate the efforts of Senators Reid, McConnell, Wyden and Hatch toward a longer extension that will maximize the impact of these investment and job creating provisions and we look forward to working with them on this issue again in 2015,” stated NATA President and CEO Thomas L. Hendricks. 

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NATA, the voice of aviation business, is the public policy group representing the interests of aviation businesses before Congress and the federal agencies. For more information about NATA, please visit www.nata.aero, www.twitter.com/nataaero or www.facebook.com/nataaero.

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For general press inquiries, contact Shannon Chambers at 703-298-1347 or schambers@nata.aero

The National Air Transportation Association (NATA) has been the voice of aviation business for more than 80 years. Representing nearly 3,700 aviation businesses, NATA’s member companies provide a broad range of services to general aviation, the airlines and the military and NATA serves as the public policy group representing the interests of aviation businesses before Congress and the federal agencies.