Key Democrats are supporting an effort to lengthen business aircraft depreciation schedules, but Republicans in the House and Senate are resisting, with one calling the push a “poll-tested gimmick.” The Obama Administration for nearly two years has been pushing for an extension of depreciation schedules for business jets to seven years to match that of commercial airliners. Traditional schedules for business aircraft are five years (not including any short-term bonus depreciations), ...
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