NBAA Defends Tax Depreciation for Bizjets

AINalerts » March 25, 2014
March 25, 2014, 2:45 PM

In an op-ed piece, NBAA president and CEO Ed Bolen challenged the Washington Examiner’s “mischaracterization” of long-standing tax deprecation policies on the purchase of business aircraft as a “loophole.” “Some in Washington are trying to score political points by characterizing business aviation as a convenience, or even a luxury, rather than a necessary tool for competitiveness,” Bolen said. “In fact, for businesses, an aircraft is as much a necessity as a computer. That’s why when a company buys its own aircraft, it depreciates in the same way as other comparable business investments, including cars, trucks, bulldozers and computers.”

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