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New Tax Law Benefits GA

Adam Meredith, president of AOPA Aviation Finance, spoke with the Atlanta Business Chronicle regarding the effect the new tax law has had on business aircraft ownership and what it means for those looking to buy. Under the new tax law, companies considering purchasing a new or used aircraft include provisions like a 100-percent bonus depreciation in the first year of ownership—a significant change from prior regulations, which only allowed 50 percent on new aircraft. In the interview, Meredith said, “For those using planes for business purposes, there’s no question that the tax changes have had an impact on top of the strong economy. It’s now helping to stimulate people purchasing aircraft.” READ MORE