The Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Act of 2010 was recently signed into law and the Act includes a temporary increase of the bonus depreciation for investments in new business equipment. This includes new aircraft, engines etc. For investments put in service after September 8, 2010 and until December 31, 2011, 100 percent bonus depreciation is available. Fifty percent bonus depreciation is available for investments put in service after December 31, 2011 and until December 31, 2012.
Hopefully this will provide some needed stimulus for the general aviation industry.
