Controversial tax bill scheduled for hearing

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Tuesday, February 11, 2014

House Bill 4067 would change two parts of the small business tax credit.

The bill, which was proposed by Rep. David Gomber, D-Otis, would decrease the number of hours an employee has to work in order for a business to qualify for the tax cut, and it would reduce the amount of taxable income that qualifies for reduced rates from $5 million to $1 million.

Read more at Statesman Journal

 

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