Building on the tax cuts in the Recovery Act, we're proposing a complete elimination of capital gains taxes on smallbusiness investment along with an extension of write-offs to encourage small businesses to expand in the coming year.
It typically works in conjunction with another break, Sec. 179 that allows abusiness to deduct the entire cost of asmallcapital purchase immediately, rather than writing it off over time and having to hassle with depreciation schedules.