WASHINGTON – Daniel Fisher, vice president of legislative affairs for the Aeronautical Repair Station Association (ARSA), issued the following statement regarding Congress’ passage of the Tax Increase Prevention Act (H.R. 5771). The legislation reinstates for the 2014 tax year a number of provisions that expired at the end of 2013, including 50 percent bonus depreciation and higher Sec. 179 expensing levels ($500,000 with a $2 million phase-out cap).
“ARSA appreciates Congress reinstating these important capital investment incentives for 2014, but retroactively incentivizing past behavior through the tax code should be the exception, not the norm. The association looks forward to working with the 114th Congress to restore long-term certainty and simplification to the tax code and pursue pro-growth tax policies to encourage job creation, economic growth, business risk-taking, and investment.”
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.
