Tax breaks for business-use aircraft On December 17,2010, Congress passed and President Barack Obama signed the Tax Relief, Unemployment Insurance Reau-thorrzation, and Job Creation Act of 2010 that became the second tax billin2010to extend bonus depreciation for new aircraft purchasers whose aircraft will be used at least 50 percent for business in 2011. A September bill had already extended 50-percent bonus depreciation for the 2010 tax year, and the December bill allows a 100-percent bonus depreciation for the 2011 taxyear for aircraft placed in service after September 8,2010.
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