Taxes

199A Qualified Business Income Deduction

NACS supports making permanent and expanding the 199A tax credit for pass-through businesses. 

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.

Work Opportunity Tax Credit

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