NRA Applauds Passage Of Depreciation, SOT Legislation

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Published: 12/07/2004

WASHINGTON - The National Restaurant Association recently praised the U.S. Senate for its final passage of H.R. 4520, the American Jobs Creation Act of 2004. The bill, which won Senate passage with a bipartisan 69-17 vote, will accelerate the depreciation schedule on improvements to restaurant properties from the current 39 1/2 to 15 years, generating additional cash flow for restaurants.