Feb 23 2009
Aviation Stimulus and Tax Breaks
The stimulus package recently passed by congress is partially targeted at airplane owners as states try to spend up to $1.1 Billion that was intended for airports. It will be seen as an accelerated depreciation to give the manufactures a way to begin recovering from the economic downturn.
Todd Tiahrt, a Republican Representative from Kansas, has seen his state account for some 7,000 of those job losses (mostly from Cessna and Hawker Beechcraft). Tiahrt told The Associated Press, “this is exactly the type of financial incentive that should be included in a stimulus bill.”
AOPA as actively been admonishing state governers about multiple airport imorvements that are “shovel ready.”
The $1.1 billion investments was signed into law to create 40,000 jobs and to improve the aviation infrastructure.
