On Sep 27, 2010, The Small Business Lending Fund Act of 2010 became Law No: 111-240 which contains a provision to allow bonus depreciation on equipment purchases this year, including general aviation aircraft, engines and avionics.

Aircraft purchased before the end of this year must be placed into service by the end of next year to qualify for bonus depreciation, which permits a business to accelerate 50% of the depreciable value of a capital investment in the first year instead of spreading it out over five years.

Here is a link to the summary here is a link to the whole bill, contact you accountant…!

Diamond DA42

Cessan Columbia 400