'Bonus' Depreciation Back For 2013

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Oct 17, 2008
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The "fiscal cliff" act that was signed into law last week will extend 50-percent bonus depreciation through the end of this year for buyers of new business aircraft, the National Business Aviation Association said. "Accelerated depreciation has consistently proven to stimulate sales in difficult economic conditions," said NBAA President Ed Bolen. "Given the current marketing environment, we view the continuation of accelerated depreciation as an effective sales incentive." The provision doesn't provide any extra depreciation for aircraft owners, but allows them to capitalize on the tax benefits more quickly by writing off 50 percent of the cost of the airplane in the first year of ownership.

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