income tax

Income tax

Income tax (3)
Tax (65)
Taxpayer (16)

Synopsis: Economics & finance: Taxation: Income tax:

www.biotech-now.org 2015 00001284.txt

and replaced with a six percent corporate income tax that essentially exempts small business. North dakota has also cut the corporate income tax rate

while Indiana and Arizona will soon phase in similar tax cuts. Florida also raised the corporate income tax standard exemption from $5, 000 to $25, 000.

Unfortunately these corporate tax cuts do not provide much-needed capital to small biotech companies because their lack of profits makes tax benefits unredeemable.

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