FOR IMMEDIATE RELEASE


Contact:

Matthew Haller, 202-662-0770

Jenna Weisbord, 202-662-0766

mhaller@franchise.org

jweisbord@franchise.org


IFA STATEMENT ON PERMANENTLY EXTENDING BONUS DEPRECIATION


WASHINGTON, July 11, 2014 —International Franchise Association President & CEO Steve Caldeira, CFE, released the statement below following the passage of a bill that would help companies better access capital and create new jobs by permanently extending 50 percent of bonus depreciation. Introduced by Rep. Pat Tiberi (R-OH) and passed by the House of Representatives today, this bill would permanently extend the bonus depreciation provision which expired at the end of 2013.


“We applaud the leadership of bill sponsor Rep. Tiberi (R-OH) and the House of Representatives for permanently extending such a crucial tax provision for franchise small business owners. Small businesses re-invest in their businesses to grow and create jobs, so with the certainty of a permanent bonus depreciation rate, it will better allow them to purchase equipment and make improvements on a more permanent basis, which will in turn help to expedite the U.S. economic recovery. We now call on the Senate to invest in American entrepreneurs the same way these business owners are investing in the growth of our economy.”


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About the International Franchise Association

The International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.


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Phone: +1 202/628-8000 Fax: +1 202/628-0812 www.franchise.org

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