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A drafting error in the 2017 tax cut bill means that businesses are having to forgo making improvements and investments that would have otherwise yielded depreciation benefits, and this negatively impacts their ability to invest in their own businesses.

This error is already having a detrimental impact on restaurant investment, and it also blocks restaurants from taking advantage of bonus depreciation – the temporary 100 percent expensing for certain tangible business assets such as kitchen equipment, furnishings and other improvements.

Check out one restaurant owner’s story told on CNBC.

One of our most effective tools to raise awareness on this issue has been grassroots support from industry members around the country. We encourage all industry members to contact their elected officials and ask that they take action on fixing the QIP glitch.

To engage in this effort, please contact Coordinator of Political Advocacy Jack Frye.