FARM BUSINESS NEWS
House OKs Business Tax Breaks
Fri Jun 13, 2014 11:25 AM CDT

WASHINGTON (AP) -- The House voted Thursday to make permanent a generous tax break that makes it easier for small businesses to buy new equipment and improve their property, part of an election-year showdown over a series of expired tax breaks worth billions.

The tax break allows business owners to more quickly write off the costs of computers, machinery and other equipment, as well as improvements to retail property. It expired at the beginning of the year, along with more than 50 other temporary tax breaks that Congress routinely extends.

The vote was 272 to 144 in favor of the ...

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