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Tag: budget committee

Budget Committee to Discuss Change to Business Tax Policy

The meeting will focus on whether businesses that lose money in a given year should be allowed to deduct the loss from the next year’s profits. For example, if a business loses $1 million one year, then makes $1 million the next year, the business would not pay tax on any income in the profitable year.

Published March 30, 2011
Categorized as Local News, Politics Tagged budget committee, Business, Ken Fleming, Metro Council, taxes
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