Chain Store Age
Retailers are cheering a bill that would allow retail stores and restaurantsto write off the full cost of improvement projects immediately.
The National Retail Federation and the Retail Industry Leaders Association urged Congress to support bipartisan legislation introduced Tuesday in the House that would fix a drafting error in the tax reform law that took effect in 2018. The error relating to depreciation rules is delaying millions of dollars in job-creating investments in stores and restaurants across the country, the NRF said. . . . more