Flow Chart: Retailers' Fiscal Future

SN Fiscal Future The American Taxpayer Relief Act will have a diverse impact on retailers 5% tax rate increase for Income tax rate for Up from American Taxpраyer Relief Act signed into law retailers classified as pass these businesses 35% in and individuals is 2012 through entities, if they record 400K or more 39.6% in 2013 Or 450K Estate Tax made for couples permanent with a 40% 2008 rate for business Gives retailers Farm Bill owners with $5 million Up from certainty on tax extended by Congress for one year 35% in code for 12 in exemptions 2012 months, said NGA Businesses had feared a much higher rate Retailers hopeful for long-term tax increase No significant impact on produce industry, New Farm reform in 2013 Bill will have NGA would like more parity according to to be in the way pass through United Fresh Independent developed entities are taxed retailers favor for 2014 'tax extenders' Avoided 'Dairy Cliff' No that could NGA's Legislative substantial have brought Affairs Committee change in would like some tax milk to SNAP $8/gallon Work extenders made benefits Opportunity permanent funding Таx Credit Will cause provides a no change in milk tax credit of Same $2,400 for 15-year depreciation consumer prices businesses schedule on new access to that hire construction and food individuals improvements to existing buildings stamps from certain communities Spending will continue to be a Some SNAP congressional benefit funding will likely Bonus New-market tax be on the chopping block depreciation credit benefits concern allows retailers who businesses develop in under- to write off a served areas Industry experts expect dairy margin insurance in new bill to protect farmers from fluctuating feed price Not expected to impact milk prices (unlike controversial Dairy new asset by up to 50% in the first Market Stabilization year Program) Money supports store expansion in underserved areas to make Retailers would like to see funding preserved for Health Food such developments viable Financing Initiative Chart developed by SN January 14, 2013 SN Fiscal Future The American Taxpayer Relief Act will have a diverse impact on retailers 5% tax rate increase for Income tax rate for Up from American Taxpраyer Relief Act signed into law retailers classified as pass these businesses 35% in and individuals is 2012 through entities, if they record 400K or more 39.6% in 2013 Or 450K Estate Tax made for couples permanent with a 40% 2008 rate for business Gives retailers Farm Bill owners with $5 million Up from certainty on tax extended by Congress for one year 35% in code for 12 in exemptions 2012 months, said NGA Businesses had feared a much higher rate Retailers hopeful for long-term tax increase No significant impact on produce industry, New Farm reform in 2013 Bill will have NGA would like more parity according to to be in the way pass through United Fresh Independent developed entities are taxed retailers favor for 2014 'tax extenders' Avoided 'Dairy Cliff' No that could NGA's Legislative substantial have brought Affairs Committee change in would like some tax milk to SNAP $8/gallon Work extenders made benefits Opportunity permanent funding Таx Credit Will cause provides a no change in milk tax credit of Same $2,400 for 15-year depreciation consumer prices businesses schedule on new access to that hire construction and food individuals improvements to existing buildings stamps from certain communities Spending will continue to be a Some SNAP congressional benefit funding will likely Bonus New-market tax be on the chopping block depreciation credit benefits concern allows retailers who businesses develop in under- to write off a served areas Industry experts expect dairy margin insurance in new bill to protect farmers from fluctuating feed price Not expected to impact milk prices (unlike controversial Dairy new asset by up to 50% in the first Market Stabilization year Program) Money supports store expansion in underserved areas to make Retailers would like to see funding preserved for Health Food such developments viable Financing Initiative Chart developed by SN January 14, 2013