Tax Reform Proposal Would Slash Advertising Deductions
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U.S. Rep. Dave Camp (R-Mich.), the chairman of the U.S. House of Representatives’ Committee on Ways and Means, released the Tax Reform Act of 2014, the latest draft aimed to update and simplify America’s tax code, Wednesday. While he recommended lowering tax rates for many individuals and businesses, he also advised cutting the deduction for advertising expenses in half with the other portion amortized over 10 years.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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