For Nebraska legislators, battle of proposed tax breaks looms

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Posted: Sunday, March 31, 2013 12:00 am

LINCOLN — Quietly, so far, a proposal has moved through the Nebraska Legislature that holds promise for improving a less-than-stellar ranking of the state's business tax climate.

The bill would allow businesses to spread out operating losses over a longer period of time — a particular benefit to startups — and would repeal the state's alternative minimum tax, benefitting a small group of taxpayers with incomes generally more than $100,000.

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