Taxes

Tax increases and uncertainty are not the answer to restoring economic growth. Congress should act now to reform the nation’s complex and cumbersome tax code. Reform must be balanced, fair, equitable, and provide nondiscriminatory lower rates for both C corporations and pass-through entities such as S corporations and LLCs. 

Temporary tax provisions that stimulate capital investment, business growth, and job creation such as the Work Opportunity Tax Credit (WOTC), the 15 year straight-line cost recovery for qualified leasehold improvements (including qualified retail improvements), the 100% accelerated bonus depreciation, the increased expensing of up to $500,000 in equipment, re-authorization of New Market Tax Credits, and enhanced charitable deductions for contributions of food inventory should be considered for permanent inclusion in the Code.

To find out more about NGA's specific tax initiatives, click below:

INDIVIDUAL AND CORPORATE TAX RATES

ESTATE TAX
                   
TAX EXTENDERS

LAST-IN, FIRST-OUT ACCOUNTING

IRS 6050W & 1099K

NGA President/CEO Sends Letter to Senate Urging Passage of Marketplace Fairness Act

NGA President/CEO  Submits Tax Testimony to House Committee

On April 10, Peter Larkin, NGA's President & CEO submitted testimony for the House Small Business Committee's hearing titled "Small Business Tax Reform: Growth through Simplicity" to express the opinions of the independent grocer, most notably discussing the three tax principles NGA established through our newly released tax report shown below.

NGA Tax Survey Released

On March 20, NGA released the results of a tax survey of its members in a report: Principles of Tax Reform for the Independent Grocery Sector.  The report is being shared with Members of Congress, including members of the House Ways and Means Committee and Senate Finance Committee who are undertaking comprehensive tax reform. 

The results of the tax survey developed three main principles that NGA believes must be part of any tax reform legislation.  

Principle #1: Tax Reform Must be Fair and Equitable for all Business Entities.  

 Principle #2: Tax Provisions that Encourage Capital Investment in Businesses Should be Retained to Continue Creating Jobs and Growing the Economy.  

 Principle #3:  Incentives to Expand Employment Opportunities and Business Investment in Underserved Communities Should be Maintained.  

See report here: Final NGA Tax Reform Survey Responses March 2013. 

Tax Resources

Tax Policy Paper, January 2013
NGA Analysis of The American Taxpayer Relief Act
Tax One-Pager: Fiscal Cliff Inaction Could Cause Businesses to Go Over Fiscal Cliff, Updated December 18

NGA Staff Contact:

Thomas Wenning
Executive Vice President & General Counsel

Greg Ferrara
Vice President, Public Affairs

NGA Partner Promos