Alternative tax net operating loss (ATNOL) is the excess of deductions allowed over the income recognized for alternative minimum tax (AMT) purposes.
Sherrill’s business tax proposal would limit a key deduction, affecting about 10,000 New Jersey taxpayers and raising $120 million annually.
The governor said the programs have begun outliving their usefulness and are being utilized by businesses they were never ...
Gov. J.B. Pritzker wants $589 million in business-focused tax hikes. That would endanger Illinois’ long-term economic stability.
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