Washington–House legislation to allow purchasers of eligible small businesses a tax write-off of as much as $5 million of intangible assets over a five-year period is getting a big push from an insurance agents group.
The bill introduced yesterday, known as the “Tax Fairness for Small Business Act,” has the strong support of the Independent Insurance Agents and Brokers of America.
The measure was introduced by Chief Deputy Majority Whip Eric Cantor, R-Va., and Rep. Earl Pomeroy, D-N.D.
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