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Tuesday, December 16, 2014

CA Proposition 65 Lawsuit Regarding Avgas Settled

Last week, California Fixed Base Operators (FBOs) and fuel distributors settled a 2011 lawsuit regarding the sale of leaded aviation gasoline brought by the Center for Environmental Health (CEH).

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Tuesday, December 16, 2014

NATA Statement on Senate Passage of Bonus Depreciation/Section 179 Legislation

On December 16th, the Senate approved H.R. 5771, the “Tax Increase Prevention Act of 2014.” The legislation extends for one year, retroactive to January 1st, over 50 tax provisions including accelerated (bonus) depreciation and section 179 expensing.

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Saturday, December 13, 2014

NATA Statement on Congress Approving Spending Bill to Fund FAA for FY2015

Senate approved the $1.1 trillion federal spending bill that will fund most government agencies, including the FAA, through September 2015. The House approved the bill, 219-206, on Thursday. Today’s Senate action completes the legislative process and the bill now moves on to President Obama for signature. Known as the “Cromnibus,” the massive spending bill combines 11 of the 12 appropriations bills for FY2015, including the bill funding the FAA. The legislation also extends funding for the Department of Homeland Security for three months.

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Friday, December 05, 2014

Senate Will Vote on Tax Extenders Package Including Bonus Depreciation and Section 179 Expensing

The National Air Transportation Association (NATA), a leading member of the coalition in support of extending accelerated (bonus) depreciation, has been informed by Senate Majority Leader Reid’s office that the Senate will act on a tax extenders package that includes bonus depreciation and section 179 expensing before the lame duck session adjourns. This clarification was made in response to an article that appeared in The Hill last evening attributing to Majority Leader Reid a concern that the Senate might not have time to pass the House tax extenders bill before adjourning.

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Tuesday, December 02, 2014

NATA Statement on House passage of H.R. 5771, the “Tax Increase Prevention Act of 2014”

The following is a statement by National Air Transportation Association President and CEO Thomas L. Hendricks on House approval of H.R. 5771, the “Tax Increase Prevention Act of 2014:” "NATA thanks the House for taking action today to extend bonus depreciation and section 179 expensing for 2014. We greatly appreciate the efforts that Ways and Means Committee Chairman Camp and Select Revenue Subcommittee Chairman Tiberi have put forth this year to make these investment and job creating provisions permanent. We still hope that Congress and the Administration will consider adding at least one additional year to this bill as it continues through the legislative process in order to achieve the maximum impact such provisions can bring to investment and job creation in this nation.”

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