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GOP plan to reduce business tax moves ahead

 


GOP plan to reduce business tax moves ahead

MATT GOURAS, Associated Press

HELENA — Senate Republicans advanced their plan to cut a generally-reviled business equipment tax — along with a companion measure to pay for it by getting rid of a slew of tax credits.

The business tax cut would reduce the rate on the first $2 million in business equipment from 3 percent to 2 percent. It would be reduced further if certain economic triggers are met, and estimates say it would ultimately cost the state about $23 million a year.

Republicans are making the business tax reduction a primary goal....



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