Bloomberg Tax
March 29, 2019, 8:46 AM UTC

‘Retail Glitch’ Tax Fix Still Eluding Businesses That Seek It

Allyson Versprille
Allyson Versprille
Reporter
Robert Lee
Robert Lee
Reporter

Many restaurants and retailers have lost faith in Congress enacting a near-term fix to 2017 tax law error that prevents them from immediately writing off the costs of interior improvements.

Those businesses are starting to adjust to the current reality that they say has made much-needed renovations more costly and has stymied investment. But as time passes without a solution, and the window closes to file their 2018 tax returns, pressure on Congress will continue to build.

Rachelle Bernstein, vice president and tax counsel at the National Retail Federation, said that beginning in mid-2018 she started to see a ...

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