The National Grocers Association (NGA), the trade association representing the independent supermarket industry, released a statement from NGA President and CEO Greg Ferrara on the U.S. Senate including a fix to the retail glitch—a drafting error in the Tax Cuts and Jobs Act (TCJA) of 2017 that harms retailers—in the Coronavirus Aid, Relief and Economic […]
Tag: Retail Glitch
Posted inNational, Association News
NGA, FMI Disappointed About Exclusion Of Fix To Retail Glitch
Legislation to fund the federal government beyond December 20 came to a conclusion on Dec. 17 when the U.S. House of Representatives voted on a set of tax provisions in the Omnibus Appropriations package and missed a chance to fix a technical error in the Tax Cuts and Jobs Act, also known as “the retail glitch.” […]
Posted inAssociation News, National
NGA Urges Congressional Leadership To Fix The Retail Glitch This Year
On Dec. 12, the National Grocers Association (NGA), the trade association representing the independent supermarket industry, sent a letter urging congressional leadership to include the “Restoring Investment in Improvements Act” in any end-of-year spending package. The bill resolves the “retail glitch,” a drafting error in the Tax Cuts and Jobs Act (TCJA) that causes interior remodels to independent grocery […]