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.
Mike Cosby
Focusing on business aviation, Mike represents individuals and businesses that own, operate and manage aircraft. He advises on the purchase, sale, lease and financing of business and commercial aircraft, as well as on regulatory compliance and federal and state tax issues. Mike’s aviation practice has global reach, but he works closer to home as well. He advises clients from formation through sale or transfer, and on all aspects in between.