Our goal is to reward entrepreneurship, to reward hard work and to grow the economy. For small businesses, we permanently increase the small business deduction to 23%. This will impact 67,000 North Dakota businesses. This bill will Allow 100% immediate expensing for equipment and facility upgrades. and raise the death tax exemption, helping families pass down their farm or ranch to the next generation. For workers, the One Big beautiful bill significantly reduces taxes on tips and overtime. (03:16–03:22)
CLAIM
Asserts that the bill allows 100% immediate expensing for equipment and facility upgrades.
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