Innovation

ARTICLE

CARES Act Fixes the Retail Glitch To Make Qualified Improvement Property Eligible For Bonus Depreciation

March 31, 2020

One of the key provisions of the newly enacted Coronavirus Aid, Relief and Economic Security (CARES) Act that will provide immediate current cash flow benefits and relief to taxpayers, especially those in the retail, restaurant, and hospitality industries, is the long sought-after fix to the “retail glitch.”