WASHINGTON D.C. — The Feb. 16 passage of the U.S. House of Representative's small business tax package offers a tax credit provision that will help restaurants and their employees, but the National Restaurant Association is still hopeful the final tax package will include one of its biggest tax priorities.
 
According to a news release, Steven Anderson, outgoing chief executive of the NRA, said he's disappointed the new bill lacks "a provision on accelerated depreciation for newly constructed restaurant buildings as the Senate bill did last month." He said he's hopeful that will change in the final draft.
 
"We believe tax relief should be targeted directly at those small businesses, such as restaurants, that would be most impacted by a mandated minimum wage increase," said Anderson. "Given that 60 percent of minimum wage earners are employed in our industry, we believe it is important to include restaurant depreciation and FICA tax credit extension in any final package. Inclusion of FICA tax credit and restaurant depreciation ensures that both segments — table-service and quick-service restaurants — of the industry that employs the most minimum wage earners are assisted in order to minimize job loss."

Related Content

User Comments – Give us your opinion!
Products & Services

Get more from your restaurant POS with online videos and tutorials

http://global.networldalliance.com/new/images/products/1294.png

1294/Get-more-from-your-restaurant-POS-with-online-videos-and-tutorials

DriverSafe

http://global.networldalliance.com/new/images/products/keyboard_iix.gif

1424/DriverSafe

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

Leapfrog POS App

http://global.networldalliance.com/new/images/products/4559.png

4559/Leapfrog-POS-App

Free Menu Board Media Player Promotion

http://global.networldalliance.com/new/images/products/6675.png

6675/Free-Menu-Board-Media-Player-Promotion

FireFly Point-of-Sale

http://global.networldalliance.com/new/images/products/4282.png

4282/FireFly-Point-of-Sale

Dual Core Menu Board Media Player - $99

http://global.networldalliance.com/new/images/products/6677.png

6677/Dual-Core-Menu-Board-Media-Player-99

DriverAdvisor Fleet Monitoring

http://global.networldalliance.com/new/images/products/DriverAdvisor_iix.gif

1425/DriverAdvisor-Fleet-Monitoring

HAND-PINCHED STYLE® Sausage and Beef Toppings

http://global.networldalliance.com/new/images/products/6785.png

6785/HAND-PINCHED-STYLE-Sausage-and-Beef-Toppings

Mobile Ordering

http://global.networldalliance.com/new/images/products/5933.png

5933/Mobile-Ordering

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.