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TAXES-Rep. Haines Proposes Legislation to Ease Burdens on Business

State Representative Irene Haines (R-34) submitted legislative proposals to eliminate the state’s Business Entity Tax and revise the depreciation schedule for commercial construction equipment. The Business Entity Tax (BET) is $250 fee paid every other year by all types of businesses: S corporations, LLCs, SMLLCs, LLPs, and LPs in order to obtain a certificate from...

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