Eye On Olympia

In the Senate: a proposed tax break for newspapers…

A surprisingly bipartisan group of 15 senators is proposing a tax break for newspapers.

Senate Bill 5942, introduced this morning by Sen. Margarita Prentice, would lower newspapers' business and occupation tax rate from .484 percent of gross to .2904 percent from 2010 to 2015. No fiscal note's been prepared yet to show how much the tax break would cost the state treasury.

 




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