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Qualified Small Business Stock (QSBS) is a tax incentive to drive the investment and founding of small businesses in the United States of America. [1] The QSBS regulations are under U.S. Code Section 1202 [2] of the Internal Revenue Code (IRC). QSBS is a tax exemption on a federal, and in some cases, a state level. [3]
Boosts the tax deduction for start-up expenses to $10,000, for small business owners who spend $60,000 or less to start their business. Allows cell phone costs to be deducted or depreciated like other business property. Allows business owners to deduct the cost of health insurance incurred during 2010 for themselves and their family members in ...
[10] Capers G. Barr, general manager (1961–1971): A former Navy captain, Capers G. Barr was appointed general manager of the SCPA on September 26, 1961. During his tenure in the 1960s, Barr led the SCPA through a period of tremendous growth. Between 1960 and 1969, cargo volume increased from 770,000 tons to 2.2 million tons. [10]
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Frist was born in Nashville, Tennessee, the son of Dorothy (née Cate) Frist and Thomas Fearn Frist Sr. [6] He is a fourth-generation Tennessean. His father was a doctor and co-founded the health care business organization which became Hospital Corporation of America (HCA).
In the US, the concept of a value-added tax has been the subject of much debate in academia and in politics, and a business "flat tax", or a national subtraction-method VAT, was among the proposals put forward to replace the corporate income tax in 2008. [22] [23] [24] Instead, a sales and use tax was common in most US states. [25] [26]
On October 10, 1947, the section of SH 207 from Ralls to Floydada was transferred to US 62, leaving only the section between Silverton and Floydada. On September 1, 1965, the route was extended north and south along its current route, replacing FM 122 south to Post, the portion of FM 284 north to Claude, a portion of the rerouted SH 15 to ...
The primary duties of the comptroller's office are to collect substantially all tax revenue owed to the State of Texas (this involves more than 60 different types of taxes from the sales tax-- the largest source of the state's tax revenue, since Texas does not have a personal income tax-- to minor items such as the "battery sales fee" -- a $2–$3 fee on sales of lead-acid batteries) and to ...