Officials in Cessna Aircraft Co.‘s Customer Service organization reported this week that enhancements made to Cessna business aircraft in 2009 may qualify for the new bonus depreciation tax treatment included in the recent federal stimulus legislation, depending on the tax accounting treatment a company uses for the upgrade.
“As long as the upgrade adds value to the aircraft or increases the life of the aircraft, it may qualify for favorable bonus depreciation tax treatment in 2009,” said Mark Paolucci, senior vice president, Cessna Customer Service.
Paolucci noted Cessna offers a number of upgrades for Citations for communications, avionics, TCAS and radar, enhanced instrumentation, RVSM, WAAS/FMS, interiors, and new paint.
The upgrades must be installed before Dec. 31 to qualify.
For more information: 888-85-SERVICE (888-857-3784) or Cessna.com.
