Alexandria, VA, May 22, 2014 – Today, Representative Pat Tiberi (R-OH) introduced legislation to make permanent the immediate expensing of 50% of new investments in equipment and software. Immediate expensing, or bonus depreciation, expired at the end of 2013. The legislation may be considered by the House Ways and Means Committee as early as the week of May 26th. Legislation currently before the Senate, the EXPIRE Act, would extend bonus depreciation for 2014 and 2015.
The following is a statement by National Air Transportation Association President and CEO Thomas L. Hendricks:
"NATA applauds Representative Tiberi for introducing this important job creating legislation and urges the House Ways and Means Committee to give it prompt consideration. The legislation’s permanent extension of 50% expensing for new equipment and software will create certainty for NATA member companies to make immediate capital investments in the U.S. economy.”