• NRA
    NRA We Serve America's Restaurants Representing nearly 500,000 restaurant businesses, we advocate for restaurant and foodservice industry interests and provide tools and systems that help members of all sizes achieve success.
  • NRAEF
    NRAEF Building & Retaining Talent The NRAEF is focused on developing a stronger workforce and building the next generation of industry leaders through education, scholarships and community engagement.
  • NRA Show
    NRA Show May 19-22, 2018 As the international foodservice marketplace, the NRA Show provides unparalleled opportunities for buyers and sellers to come together, conduct business and learn from each other.
  • ServSafe
    ServSafe Minimize Risk. Maximize Protection. For over 40 years, ServSafe® training programs have delivered the knowledge, leadership and protection that have earned the trust and confidence of business leaders everywhere.

National Restaurant Association - NRA presses for action on jobs credit, depreciation

Skip to navigation Skip to content

News & Research

Share:
Email Print
News RSS

NRA presses for action on jobs credit, depreciation

The NRA is ramping up its requests for Congress to extend two tax provisions important to restaurant operators: the Work Opportunity Tax Credit and a 15-year depreciation schedule for restaurant spending on new construction and building improvements.

Congress let both provisions expire at the end of 2011. The Work Opportunity Tax Credit encourages employers to hire people from nine target groups who have traditionally faced barriers to finding jobs, including long-term welfare recipients and certain veterans with disabilities. The credit is worth as much as $2,400 a year for qualified adults hired, and up to $4,800 a year when employers hire disabled veterans.

The 15-year tax depreciation schedule helps restaurants more quickly recover the costs of improvements and new construction. Congress allowed the schedule to revert to 39.5 years at the end of 2011. The NRA has been instrumental in getting Congress to keep the schedule at 15 years since 2004, arguing that the speedier schedule better reflects the reality of how often restaurateurs renovate.

The NRA this week joined hundreds of other associations and businesses in asking Congress to act quickly to retroactively restore the WOTC and shorter depreciation schedule. "The lack of timely congressional action to extend these [and other] provisions would inject more instability and uncertainty into the economy and further weaken confidence in the employment marketplace," the groups said in a letter to every member of Congress. "Additional uncertainty is not a recipe for improving confidence in this economy."  

Conserve RSS Healthcare RSS Conserve RSS

▲ Back to Top

We're glad you're here!®

® 2012-2017 National Restaurant Association. All rights reserved.

2055 L St. NW, Suite 700, Washington, DC 20036
(202) 331-5900 | (800) 424-5156