WASHINGTON A bipartisan bill introduced into the U.S. House of Representatives on Thursday could bring some tax relief to many restaurants by reducing the depreciation schedule for new construction or improvements to existing structures. Sponsored by Reps. Kendrick Meek, D-Fla., and Pat Tiberi, R-Ohio, the bipartisan bill seeks to permanently reduce the current 39½-year depreciation schedule to 15 years. Congress earlier had passed a temporary 15-year schedule for restaurant ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?