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NBAA APPLAUDS PRESIDENTIAL SIGNING OF BONUS DEPRECIATION

NBAA APPLAUDS PRESIDENTIAL SIGNING OF BONUS DEPRECIATION

Washington, DC, September 27, 2010 – The National Business Aviation Association (NBAA) today applauded President Obama for signing into law legislation that includes a provision for "bonus depreciation," to accelerate cost recovery of strategic business purchases this year, including business aircraft. The measure, included as part of an overall legislative package for small businesses, passed the U.S. House of Representatives and Senate earlier this month. "NBAA thanks President Obama for enacting this important tax provision for American businesses," said NBAA President and CEO Ed Bolen. "Now that the President has signed the measure into law, companies will be able to take advantage of the provision right away, giving them access the benefits of business aviation."

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