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Business Entity Tax repealed in Conn.

A series of new laws take effect today.  One was spearheaded by Bethel Representative Raghib Allie-Brennan.  The $250 business entity tax, collected every two years from all companies that do business in Connecticut, will be eliminated. The measure was included in the two-year budget.  State financial officials have estimated that eliminating the tax will cost Connecticut about $44 million in revenue in the upcoming fiscal year.

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Markley van Camp Robbins

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