Florida Aviation Business Association
Serving the General Aviation and Business Aviation Community Since 1946

NBAA Provides Testimony at IRS Hearing on Bonus Depreciation

With the release of proposed regulations on 100 percent immediate expensing, which was passed as part of the Tax Cuts and Jobs Act, the IRS held a public hearing where NBAA provided testimony. Tax Committee Vice Chair John Hoover, who is a partner at Holland & Knight, testified regarding the definition of a “binding written contract,” as it pertains to the applicability of bonus depreciation. READ MORE