Source: Bloomberg Tax
By Lydia O’Neal
August 5, 2019
The Trump administration would have to get creative if it wants to fix a drafting error in the 2017 tax act that brick-and-mortar business owners say has hampered their investments.
The mistake, commonly called the retail glitch, makes it more expensive for the retail and restaurant industries to renovate existing shops and eateries and refurbish the insides of new ones—in some cases, more expensive than it might have been before the 2017 law’s passage.
