AIR Blog

Previously, aircraft used in business for noncommercial use generally would qualify accelerated depreciation over a 5 year term. Some small business, exclusively defined for this purpose as entities that invest lets than $664,000, could qualify for accelerated deductions on the first $134,000 for new purchases.

The new law provides that in 2010, both the investment threshold defining qualifying tax payers and the expense allowance are increased. Qualifying small businesses can now invest $1,050,000 in capital purchases AND may expense up to $250,000 during the year. The balance of the cost is generally recovered over 5 years using an accelerated method.
 

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The Aircraft Industry Resources Team