WASHINGTON — The House passed a broad tax relief bill Wednesday that would renew a provision that shortens the time it takes retailers to write off the cost of remodeling stores.
The overall legislation, which the House passed 241 to 181, would extend $31 billion in tax breaks for businesses and individuals and renews almost 50 current tax laws that are set to expire after Dec. 31. It is unclear whether the Senate will consider the bill this year due to the debate over health care, which has pushed many legislative issues aside.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)