The Tax Relief for American Families and Workers Act,  H.R. 7024  would help many restaurant operators lower their tax burden when investing in building upgrades, dining room remodels, expansions, and refurbishments.  

In addition to restoring expired tax deductions for many restaurant operators investing in their restaurants, the bill accelerates “bonus depreciation” for the immediate expensing of investments, which would provide small businesses with more cash on hand. These changes are essential for restaurant operators to thrive, create jobs, and support economic growth in their communities.

The House passed this pro-growth bill in January 2024 with bipartisan support. It is likely to be the only tax bill Congress considers this year. The Association is pushing the Senate to pass this critical tax relief. Restaurant operators can help by adding their voice here.
Fact Sheet