ALEXANDRIA, VA – Daniel Fisher, vice president of legislative affairs for the Aeronautical Repair Station Association (ARSA), issued the following statement regarding the House vote on the America’s Small Business Tax Relief Act (H.R. 4457), which permanently increases Sec. 179 expensing levels.
“Last March, the jointly released ARSA and TeamSAI Consulting report confirmed that more than 84 percent of U.S. repair stations have fewer than 50 employees. That means more than 3,300 small businesses need rapid returns on investments to remain competitive. The America’s Small Business Tax Relief Act will help those independent repair stations invest in their companies as well as the country’s economic health.
“ARSA commends Congressman Tiberi and the bill’s bipartisan supporters for introducing a proposal benefitting the 244,000 American aviation maintenance workers. Now is time for the Senate to act by passing the legislation as soon as possible to spur economic growth and job creation.”
ARSA is the only association devoted to the unique needs of the global civil aviation maintenance industry. We are dedicated to helping our member companies run their operations more efficiently and effectively, while continuing to ensure the safety of aircraft worldwide. To learn more about our dedicated work on behalf of both industry stakeholders and the flying public, please visit ARSA.org