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December 18, 2014

Evergreen Museum Says Its 'Business As Usual'

Some Of Its Aircraft Are On Loan From Company Reorganizing Under Bankruptcy Laws

The Evergreen Aviation and Space Museum in McMinnville, OR says that it is doing just fine, thank you, even though some of the airplanes it has on display belong to Evergreen Vintage Aircraft LLC, which recently filed for reorganization under Chapter 11.

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Senate Passes House Bill Extending Bonus Depreciation

Industry Groups Call On President Obama To Sign The Bill

On December 16th, the Senate approved H.R. 5771, the “Tax Increase Prevention Act of 2014.”  The legislation extends for one year, retroactive to January 1st, over 50 tax provisions including accelerated (bonus) depreciation and section 179 expensing. 

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CA Proposition 65 Lawsuit Regarding Leaded Avgas Settled

FBOs Required To Post Warnings About Exposure To Lead Near Airports, Pay Small Penalty

Last week, California Fixed Base Operators (FBOs) and fuel distributors settled a 2011 lawsuit regarding the sale of leaded aviation gasoline brought by the Center for Environmental Health (CEH).

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