House Passes Depreciation Bill
Washington, DC--The National Restaurant Association praised the House of Representatives' passage of a bill that would enable food-service operators to accelerate depreciation on building improvements from the current 39 years to 15 years.
HR 4520, known as the FSC/ETI Jobs bill, also extends the Work Opportunity Tax Credit until Dec. 31, 2005. The measure now must be approved in conference with the Senate. -Nation's Restaurant News