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Retailers Might Get Tax Relief for Store Remodels and Improvements.
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 Marianne Wilson writes in Chain Store Age about two bills passed by a House committee that would save retailers upfront costs on store remodels and improvement.The bills, passed by the House Ways and Means Committee, would help franchisees by using tax incentives for remodeling and new capital improvements.The first of the two measures, the "Restaurant and Retail Jobs and Growth Act," would make permanent a measure permitting "bonus depreciation," which allows retailers to write off the cost of remodeling or make improvements to their stores over 15 years. The second bill would allow businesses that make capital investments, including leasehold improvements, to deduct half the cost immediately and then depreciate the remainder over the appropriate period. Click here to read more

Posted on September 22, 2015 at 5:56 PM
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