The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which was moving toward the desk of President Obama at press time, would give business aviation a big boost. As NBAA v-p Mike Nichols explained to AIN, the proposal includes “100-percent expensing” of investments in capital assets, such as business aircraft, purchased between September 8 this year and December 31 next year. However, “this expensing would be more like the current bonus depreciation,” he said, and therefore would apply only to new aircraft. Another provision would extend the current 50-percent bonus depreciation to the end of 2012. Both NBAA and GAMA expressed their support for this bipartisan tax agreement. David Wyndham, v-p of Conklin & de Decker, said the act “adds a significant accelerator to buyers’ decisions. Companies looking at new aircraft will be more inclined to purchase sooner. Accelerating deliveries will prompt the recall of numerous people who were laid off in aviation manufacturing.”