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Small business investors to get extra tax break.(Senator Susan Collins, Encouraging Investment in Small Business Act)(Brief Article)
Sen. Susan Collins, R-Maine introduced legislation to provide more tax incentives to individuals who invest in small businesses.
Collins' bill increases the capital gains exclusion for certain types of small business stock from 50 percent to 75 percent and eliminates the threat that gains on this stock would be subject to the alternative minimum tax. …
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