Tax Extenders

Many pro-growth tax provisions have allowed independent grocers to hire more workers, invest in new equipment, and open new stores. The following tax extenders were renewed in late 2014, but only apply to the 2014 tax year. We expect Congress to consider an extenders package again during 2015.

The following tax extenders are important to the independent supermarket industry: 

Work Opportunity Tax Credit (WOTC)
More information on the Work Opportunity Tax Credit 

New Markets Tax Credit (NMTC)
More information on the New Markets Tax Credit Program

15-Year Straight-Line Cost Recovery for Qualified Leasehold Improvements

Bonus Depreciation

Section 179 Deduction

Charitable Deduction for Contributions of Food Inventory


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