Thursday, May 15, 2025 — Today, Brandon Palumbo, Director of Policy & Government Relations at the Travel Technology Association, released the following statement:
“Travel Tech welcomes the House’s progress on key tax provisions supporting small and mid-sized businesses in the travel technology industry. Making the Section 199A pass-through deduction permanent and restoring 100% bonus depreciation are important steps that will help our members, especially startups and SMBs, reinvest, grow, and create jobs.”
“While the temporary suspension of amortization for domestic R&D expenses through 2029 is a meaningful step, we continue to support permanent full R&D expensing to ensure that U.S. innovators can remain globally competitive. Travel Tech also encourages Congress to consider permanent bonus depreciation, which would give companies the long-term certainty they need to plan investments and scale their operations.”
“We appreciate congressional leadership’s recognition of the policy tools that enable small businesses to thrive and remain committed to working with both chambers to promote a competitive, innovation-friendly tax environment for the travel technology sector.”
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The Travel Technology Association (Travel Tech) empowers traveler choice by advocating for public policy that promotes marketplace transparency and competition. Travel Tech represents the leading innovators in travel technology, including online travel agencies, metasearch engines, short-term rental platforms, global distribution systems, and travel management companies.
To schedule an interview with a Travel Tech spokesperson, contact Bradford Williamson of Glen Echo Group at 202.870.3234 or bwilliamson@glenechogroup.com.
