Fix The Retail Glitch

Four missing words in the Tax Cuts and Jobs Act mean many local supermarkets will not get renovated this year. Due to this error, known as the "retail glitch", the tax burden on a category of business investment called Qualified Improvement Property (QIP) has been unintentionally increased.  Now, interior improvements to stores such as refrigeration units, ceiling tiles, electrical wiring, and shelving depreciate over 39 years instead of immediately.

How the Retail Glitch Impacts a $100 Qualified Improvement Property Investment of an Independent Grocer

Retail Glitch Graphic