NATA Statement On Senate Finance Committee Action On Bonus Depreciation
Alexandria, VA, April 3, 2014 – Today the Senate Finance Committee approved the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act,” legislation that includes a provision extending 50 percent bonus depreciation to qualified property purchased and placed in service before January 1, 2016. In a letter to the congressional leadership last week, NATA was joined by other associations including A4A, AIA, and GAMA in requesting the extension.
The following is a statement by National Air Transportation Association President and CEO Thomas L. Hendricks:
“NATA deeply appreciates the leadership of Chairman Ron Wyden (D-OR), Ranking Member Orrin Hatch (R-UT), and the other members of the Finance Committee in advancing this important job creating legislation. A two-year extension of bonus depreciation encourages NATA member companies to make additional, immediate investments in the U.S. economy. We look forward to our continued work with the committee as the legislation is considered by the full Senate.”
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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.
