NRA commends Senate for tax relief tied to wage increases

Jan. 17, 2007
WASHINGTON D.C. — The National Restaurant Association commended the Senate Finance Committee for penning legislation that includes tax relief for restaurants in communities facing voter-mandated minimum wage increases.
Dubbed the Small Business and Work Opportunity Act of 2007, the legislation includes several beneficial provisions such as a restaurant industry-specific, 15-year depreciation schedule for new construction, as well as an extension of current law for restaurant improvements.
"By allowing restaurateurs to deduct the cost of renovations on a shorter schedule, this legislation will offset the burden imposed by a minimum wage increase and enable restaurateurs to continue to grow their businesses and create more jobs," said Steve Anderson, NRA president and chief executive officer.

Topics: Associations , Operations Management

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