GAMA Welcomes Passage of Legislation Beneficial to General Aviation by U.S. Congress
by GAMA News /
December 17, 2014
Washington, DC—The General Aviation Manufacturers Association (GAMA) today applauded the U.S. Congress for passing legislation recently in two areas important to its members: extending expiring tax provisions important to general aviation growth and innovation, and passing a key appropriations bill funding the Federal Aviation Administration (FAA). Specifically, GAMA thanked Congress for extending tax provisions that promote research and development (R&D) and enable bonus depreciation that will allow general aviation manufacturers to introduce new, safety-enhancing products, boost sales and jobs, and aid the overall U.S. economy. GAMA also praised Congress for passing funding for many of the federal government agencies, including the Department of Transportation and FAA, through September 30, 2015.