Friday, September 3, 2010
Missouri restaurants lose some tax breaks
Posted
by Charles Ferruzza on
Fri, Sep 3, 2010 at 12:00 PM
The Missouri Supreme Court laid down the law this week: There's a difference between preparing food and
manufacturing it.That difference means that a tax exemption that Missouri restaurateurs had been using to buy plates, tables, chairs and kitchen equipment is now a closed loophole.
Bloomberg Businessweek reported the story, which specifically deals with a chain restaurant group out of Dallas: Brinker Missouri Inc. -- operators of the local Chili's and Romano's Macaroni Grill -- which lost a $44,000 exemption claim in the decision.
Tags: Brinker Missouri, Missouri Supreme Court, tax laws
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