Tell Congress to Fix the Retail Glitch!
The Tax Cuts and Jobs Act includes a provision that intended to provide independent grocers with the opportunity to fully and immediately expense qualified improvement property (QIP), or interior remodels to your stores. However, due to a drafting error in the new tax law, retailers are not eligible to receive the benefit of 100% expensing for QIP and interior remodels depreciate over 39 years.
Bipartisan legislation has been introduced that would make the needed technical correction and reduce your tax liability! We need your help gaining cosponsors for this legislation! Please fill out this form to tell Congress to "Fix the Retail Glitch!"