House and White House negotiators have agreed to two provisions of the Protecting Americans from Tax Hikes Act of 2015, which may provide an incentive for business aircraft owners. Under the act, which is expected to pass Congress and be signed by the President, “bonus deprecation” is extended and the “expensing” provisions of the Internal Revenue Code are made permanent.
Former Attorney Mike Cosby
Previously with Husch Blackwell, Mike represented individuals and businesses that own, operate and manage aircraft. He advised on the purchase, sale, lease and financing of business and commercial aircraft, as well as on regulatory compliance and federal and state tax issues.