Taxes

Bonus Depreciation
Bonus depreciation is an important tax policy that allows small businesses to more effectively reinvest in the growth of their businesses.

LIFO (Last-In First-Out) Accounting
NACS is opposed to any attempt to repeal LIFO and impose an unfair retroactive tax on LIFO “reserves.

Qualified Improvement Property
NACS Supports efforts to fix the drafting error and restore the eligibility of these non-fuel stores for 15-year depreciation and bonus depreciation.

Work Opportunity Tax Credit
WOTC is a valuable tax credit that helps employers provide opportunities to those who need them most.