House Passes Tax Relief Measures for Small Businesses

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Via Webcpa.com

On Tuesday, the House passed the Small Business Jobs Tax Relief Act of 2010.  The act which is aimed at spurring growth and creating jobs through small businesses would eliminate certain tax penalties for small businesses, allow the deduction of up to $20,000 in startup costs and allow the exclusion of 100% of capital gains on investments in qualifying small-business stock.

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