Bailout Boon: How new federal legislation passed to stabilize the economy benefits restaurant owners.

Bailout Boon: How new federal legislation passed to stabilize the economy benefits restaurant owners.

While the federal government's Emergency Economic Stabilization Act of 2008--better known as the "bailout"--has drawn a lot of controversy, the National Restaurant Association (NRA) lauds at least one measure included in the law as a "major victory" for the industry.

Signed into law on October 3, the plan designed to stabilize the economy also includes a provision to reduce the depreciation schedule for improvements made to restaurant buildings in 2008 and 2009 and for new restaurant construction in 2009.

"We scored a major win in terms of restaurant depreciation," says Michelle Reinke, director of legislative affairs for the NRA. "It's long been a top tax priority for the industry."

Published: October 16th, 2008

Share this Feature

Hungry Howie's Pizza
SPONSORED CONTENT
Hungry Howie's Pizza
SPONSORED CONTENT
Hungry Howie's Pizza
SPONSORED CONTENT

Recommended Reading:

Bojangles
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Hot Dish Advertising
ADVERTISE SPONSORED CONTENT
Franchise Leadership & Development Conference
Conferences
InterContinental, Atlanta
OCT 7-9TH, 2025

At Sentry, we understand the unique technology challenges franchises face. For over a decade, we've been the trusted guide helping businesses...
Simpli.fi is the leading Advertising Success Platform, providing programmatic advertising solutions and workflow software to over 2,000 media teams,...

Share This Page

Subscribe to our Newsletters