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NAG/CSD Idea of the Day: Tax Code 199

By Erin Del Conte | August 25, 2016

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Lit Light BulbToday’s idea of the day:

 IRS tax code 199. Are you eligible?

The section 199 tax deduction is also called the domestic manufacturing deduction, U.S. production activities deduction and domestic production deduction. It allows a deduction equal to 9% of the lesser of

  • the “qualified production activities income” (QPAI) of the business;
  • the operation’s taxable income for the year.

Any convenience store operation with QPAI can take a tax deduction of 9% from net income if it qualifies.

Do you have an idea of the day? Email it to Senior Editor Erin Rigik Del Conte at [email protected].

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  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization