tax reform
Cornell Study Shows How Tax Reform Could Boost Hospitality Investment
AHLA | April 3, 2024
WASHINGTON (April 3, 2024) – The Tax Relief for American Families and Workers Act of 2024, H.R. 7024, could provide substantial tax relief to hotels across the country, incentivizing investments in renovations and property upgrades, according to a Cornell University study commissioned by the American Hotel & Lodging Association. The study, conducted by Cornell’s Center for Hospitality Research, highlights how hotels of all sizes and service levels stand to benefit from H.R. 7024’s provisions to extend 100% bonus depreciation and expand deductibility of business interest. The bipartisan bill to temporarily extend these provisi...
AHLA Applauds Final Passage of Tax Reform Legislation
the American Hotel & Lodging Association | December 21, 2017
WASHINGTON, D.C. – December 21 – The American Hotel & Lodging Association (AHLA) today issued the following statement after tax reform legislation passed both the U.S. House of Representatives and U.S. Senate. "Our industry is proud to support legislation that will reform U.S. tax policies and create a pro-growth tax environment," said AHLA president and CEO Katherine Lugar. "Tax reform will enable hoteliers to expand their businesses, create more jobs and help keep our economy strong. Tax cuts will contribute to the overall economic growth of our nation and strengthen our economy. We applaud the White House, Congression...
AHLA President and CEO Katherine Lugar’s Statement on Senate Passage of Tax Reform Legislation
the American Hotel & Lodging Association | December 4, 2017
WASHINGTON, D.C. – December 2, 2017 – "We applaud Majority Leader McConnell, Finance Committee Chairman Hatch and all Senators who voted in support of this critical tax reform legislation that will benefit American families and businesses, create more jobs, and grow the economy," said AHLA president and CEO Katherine Lugar. "This legislation is key for the industry's small businesses in particular. Three out of every five hotels are small businesses, and many jobs in local communities are dependent on a thriving hotel and tourism sector. Not only will small business owners benefit, but so will their employees and guests, str...
AHLA Praises House for Passing Tax Reform
American Hotel & Lodging Association | November 17, 2017
"We applaud the House of Representatives for passing this important legislation that will greatly benefit Americans and strengthen the economy," said AHLA president and CEO Katherine Lugar. "With three out of every five hotels in industry made up of small businesses, and many jobs in local communities dependent on a thriving hotel and tourism sector, these important cuts will go a long way to ensuring economic growth far beyond our industry. Not only will small businesses benefit, but so will their employees and guests. We look forward to working with Senate to advance much-needed tax reform quickly." ...
New Study Reveals Tax Reform Could Boost Hotel Industry by $131.7B
the American Hotel & Lodging Association | November 10, 2017
Analysis Shows Hotels, Employees, Travelers All Benefit From Tax Reform WASHINGTON (November 10, 2017) – As tax reform legislation moves through Congress, a new economic impact study found that tax cuts could generate $131.7 billion in economic activity for hotels and related industries over the next 10 years. On behalf of the American Hotel & Lodging Association (AHLA), Oxford Economics analyzed the impact of tax policy changes that would result in a tax cut of $1.5 trillion over 10 years, which they believe will cause real GDP growth to accelerate to 3.0% in 2018. The results show that tax cuts will stimulate the economy and...
AHLA Applauds Release of Tax Reform Proposal Allows Hotel Industry to Grow, Create New Jobs, Drive Economy
AHLA | September 28, 2017
Washington, D.C. – September 28, 2017 – President and CEO Katherine Lugar of the American Hotel & Lodging Association (AHLA) issued the following statement with today's release of the "United Framework" on tax reform policy issued by the Administration and Congress. "AHLA applauds the Administration and Congressional Leaders for releasing a joint framework for tax reform which is so critical to ensuring businesses continue to grow jobs. We look forward to working with Congress and the White House to ensure swift action. AHLA is supportive of efforts that allow our industry – and small businesses in particular &ndas...
