Bonus Depreciation Extended

President Obama last week signed the Small Business Jobs Act of 2010 into law, extending two key aircraft-friendly tax provisions for another year.  This legislation extends the “bonus depreciation” provisions that have been in place for some time that allow the...

Common Sense Prevails in Florida

After years of false starts, the Florida legislature wisely passed legislation clarifying the rights of aircraft owners traveling to Florida. Under the new legislation aircraft owners who purchased their planes within the six months prior to coming to Florida will be...