H.R.3844 - To amend the Internal Revenue Code of 1986 to provide a special depreciation allowance and recovery period for noncommercial aircraft property.

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  • Official: To amend the Internal Revenue Code of 1986 to provide a special depreciation allowance and recovery period for noncommercial aircraft property. as introduced.

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Introduced
 
House
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Senate
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President
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10/14/09
 
 
 
 
 
 
 

Official Summary

10/15/2009--Introduced.Amends the Internal Revenue Code to allow: (1) increased depreciation of qualified noncommercial aircraft property placed in service in 2010 or 2011; and (2) a three-year recovery period for the depreciation of such property placed in service before 2015. Defines &qu

Official Summary

10/15/2009--Introduced.Amends the Internal Revenue Code to allow:
(1) increased depreciation of qualified noncommercial aircraft property placed in service in 2010 or 2011; and
(2) a three-year recovery period for the depreciation of such property placed in service before 2015. Defines "qualified noncommercial aircraft property" as any aircraft that is not used in the trade or business of transporting persons or property and that is first used after 2009. Allows such increased depreciation as an offset against the alternative minimum tax.

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Recent Blog Coverage

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10/28/10
COP10の表情

To assist agencies in adhering to GISRA and HR 3844 provisions, we offer the following suggestions to improve consistency in conducting and reporting information security assessments and investigations. Certain terminology should be ...

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10/28/10
Art HarbOur Tokyo: COP10、日中首脳会談の破たんは?

To assist agencies in adhering to GISRA and H.R. 3844 provisions, we offer the following suggestions to improve consistency in conducting and reporting information security assessments and investigations. Certain terminology should be ...

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09/15/10
H.R. 3844 [110th]: Eradication of Slavery in Sudan Act of 2007 ...

15 Oct 2007

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