Depreciating Business Aircraft: Avoiding the Entertainment Disallowance and §280F.

The article discusses American taxation law in relation to business aircraft depreciation allowance laws, Section 280F of the U.S. Internal Revenue Code (I.R.C.), and the efforts to avoid the entertainment use tax deduction disallowance rules that are contained in the American Jobs Creation Act of 2004. According to the article, aircraft and other forms of tangible personal property are depreciable under Section 167 of the I.R.C. Flight itineraries and an aircraft's class life are assessed.