WTAS: Minnesota Manufacturers Applaud Passage of House Tax Package
February 02, 2024
February 02, 2024
WASHINGTON, Feb. 2 -- Rep. Tom Emmer, R-Minnesota, issued the following news release on Feb. 1, 2024:
Last night, the House passed the Tax Relief for American Families and Workers Act by a vote of 357-70. Among other pro-business, pro-growth provisions, this bill will restore manufacturers and Minnesota businesses' ability to deduct research and development costs from their taxes in the year they are incurred, which will give businesses the tax certainty they need to innovate a . . .
Last night, the House passed the Tax Relief for American Families and Workers Act by a vote of 357-70. Among other pro-business, pro-growth provisions, this bill will restore manufacturers and Minnesota businesses' ability to deduct research and development costs from their taxes in the year they are incurred, which will give businesses the tax certainty they need to innovate a . . .