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Governor Signs Corporate Tax Cut



Governor Pence has signed a bill cutting corporate income taxes while offering counties options for additional tax relief.

The bill allows counties to eliminate the personal property tax on new business equipment, or get rid of it entirely for businesses who don‘t owe much anyway.

The bill slashes the state‘s corporate income tax by one-point-six points over eight years -- the final rate would be the second-lowest in the nation.
 

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Topics : Business_FinanceSocial Issues
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