Capitol Chatter: March 2


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  • | 3:23 p.m. March 4, 2012
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Tangible tax cut and back-slapping fun
It's not often that a tax cut that is good for small businesses but costs local governments revenue becomes a love fest in committee from all sides, but such was the happy case for Sen. Nancy Detert, R-Venice.

It was an earned moment.

Detert sponsored a bill to place a constitutional amendment before voters that would double the exemption for tangible property from $25,000 to $50,000. The tangible tax is one of those groaners for any business, because it keeps taxing the same chairs, desks, computers and other things every year despite all the taxes already paid when purchased. Businesses hate it on the face, but also because it requires a load of time-consuming paperwork.

 

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