Court Nixes Tax Break for Restaurants ; Prep Ruled Different from Manufacturing
JEFFERSON CITY (AP) -- What's the difference between preparing and manufacturing something? For Missouri restaurants, the difference amounts to tens of thousands of dollars.
The Missouri Supreme Court ruled yesterday that restaurants cannot claim a tax exemption for the purchase of tables, chairs, plates and kitchen equipment.
The decision hinged on a determination that restaurants prepare - - not manufacture -- food for their customers. Consequently, the court said, they cannot get the same tax breaks available to manufacturing plants or to processing companies that turn live hogs and into ham ready for human consumption.
"In lay terminology, one does not …
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Publication information: Article title: Court Nixes Tax Break for Restaurants ; Prep Ruled Different from Manufacturing. Contributors: Not available. Newspaper title: Columbia Daily Tribune (Columbia, MO). Publication date: September 1, 2010. Page number: B5. © 2007 Columbia Daily Tribune. Provided by ProQuest LLC. All Rights Reserved.
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