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 …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
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.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset