The 'One, Big, Beautiful Bill,' supported by the International Franchise Association (IFA), seeks to provide crucial financial relief for franchise small businesses through new tax provisions. It is designed to benefit over 830,000 franchise operations in the U.S., affecting millions of employees. On June 26, franchise owners met with President Trump to discuss its potential impact. Key proposals include extending the 199A deduction for pass-through entities and continuing bonus depreciation. These legislative changes are anticipated to create positive outcomes for various sectors, including restaurants and retail businesses.
The proposed legislation includes several tax changes that could significantly impact the franchise industry, especially the extension of the 199A deduction for pass-through entities.
Haller states the tax provisions in the One Big, Beautiful Bill will positively impact America's 830,000 franchise small business owners and their nine million employees across various industries.
#franchise-sector #tax-legislation #financial-relief #business-impact #international-franchise-association
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