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. (03:06–03:11)
CLAIM
Asserts that the bill permanently increases the small business deduction to 23%.
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