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

Recommended Reading:

Comments:

comments powered by Disqus
Golden Corral
SPONSORED CONTENT

FRANCHISE TOPICS

Premium Services

Silvercrest Advertising Business Opportunity

Silvercrest Advertising
Silvercrest Advertising has created a one-stop shop solution for all of...

Konnect Business Opportunity

Konnect
Konnect is an agency with unmatched business acumen that provides public...

Franchise Leadership & Development Conference Business Opportunity

Franchise Leadership & Development Conference
Oct. 9-11, 2018 Intercontinental, Atlanta, GA. Over 350 franchise...

AXIS Integrated Business Opportunity

AXIS Integrated
With over 25 years of experience in the franchise industry, AXIS...

919 Marketing Business Opportunity

919 Marketing
919 Marketing Co. is a national content marketing, PR and social media...

Clayton Kendall Business Opportunity

Clayton Kendall
Clayton Kendall provides franchise communities nationwide with...

Naranga Business Opportunity

Naranga
Naranga, a comprehensive franchise technology provider, delivers software...

Michael H. Seid & Associates Business Opportunity

Michael H. Seid & Associates
MSA provides domestic and international franchise advisory services to...


Franchise Update Magazine

A targeted, quarterly magazine that takes CEO's, VPs and Sales Executives to the cutting edge of franchise development.


Share This Page

Subscribe to Franchise Update Sales Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.