The news this month was focused on the historic American Recovery and Reinvestment Act of 2009 aka the “Stimulus Package”.

Regardless of how you may feel about the nearly $800 billion law, there is at least good news, no make that great news for those of you that might like to purchase an aircraft in 2009.

The new law is truly unprecedented. Never before has the government given such an aggressive incentive on the purchase of aircraft. Its stated purpose is to stimulate the economy and get businesses and individuals investing and spending again. It appears to have the potential to do just that once people understand the nuances of these new regulations.

The bill readopts 50% bonus depreciation and expansion of the section 179 deductions up to $250,000. The package also includes a new provision that allows losses of qualified taxpayers incurred in 2008 or 2009 to be carried back 5 years and allow taxpayers an immediate refund.

“Our role is to help our clients understand what the potential is for them in their particular circumstances.” states John Armstrong, Director of Sales for Dominion Aircraft Sales. “When they see how they can potentially acquire an aircraft they desire on a positive cash flow basis, they are usually very encouraged and we can help them review the potential with qualified advisers.”

In the backdrop of potentially higher tax rates on businesses and wealthy individuals in the future, the 2009 tax law as it applies to tax planning and potential aircraft purchases is very important for business owners and pilots to understand and reevaluate their business plans in light of the new opportunities.

“We are encouraging our clients to take time now to study the implications for tax planning because the new law allows qualified buyers to potentially reach back up to five years to use taxes paid in prior years to help fund the purchase.” continues Armstrong.

Call 877-258-8011 to review your particular situation and see how the “Stimulus Bill” can have you flying high this year.

Resources:
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The Aircraft Owners and Pilot’s Association recently featured the Bahamas Habitat Fly-In and Help Out Event on the front page of their extensive website www.aopa.org.

Thanks to the great folks at AOPA more and more pilots are learning about the unique mission. Dominion Aircraft Sales is a proud sponsor of this cause. We enjoy educating our flying friends and clients about it. The mission offers an outstanding opportunity for pilots to enjoy a great flying adventure while helping a good cause.

There is still time to join in the March 5-8th Fly-In and Help Out Event. For more information call John Armstrong at 877-258-8011 or email info@bahamashabitat.org

If you are interested in potentially joining us for a flight mission in the future make sure you sign up for additional info and email notices at: http://www.bahamashabitat.org/wordpress/?page_id=7

This Piper Dakota is the perfect traveling machine for family and business because its a “heavy hauler”, high useful load (1149 lbs) aircraft with a beautiful new interior, air conditioning and Garmin XM satellite weather. A three blade “Top Prop”, 80 gallon tanks and outstanding paint make it a perfect package. With only 20% down you can own this aircraft for only $794 a month. Call for details on 2009 tax deductability and cash flow positive acquisition options. 1979 Piper Dakota Specs, Pricing and Details

Ask a Question about this aircraft.  For immediate assistance call: 877-258-8011