Entrepreneur | What the “One, Big, Beautiful Bill” Means for Franchise Owners
A new piece on Entrepreneur highlights the “One, Big, Beautiful Bill”, recently backed by the IFA, which could deliver major tax relief for over 830,000 franchise small businesses and their employees.
Key takeaways from the article include:
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Extended bonus depreciation for equipment, renovations, and new locations — fueling capital investment in franchises.
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Continuation of the Section 199A pass-through deduction, essential to over 95% of franchises that are structured as pass-through entities.
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Enhanced interest deductions due to the shift from EBIT to EBITDA calculations, offering an estimated $6 billion in additional relief.
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Employee benefits, such as eliminating federal taxes on tips (saving workers $6 billion annually) and overtime pay ($300 million/year).
On June 26th, nine franchisee leaders, along with IFA’s CEO and President Matt Haller, met at the White House to underscore the bill’s potential impact on business growth and workforce prosperity.
Read the full article on Entrepreneur to learn how this legislation supports franchised small businesses across the country.