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Gov. Scott's business tax break filed in House

One of Gov. Rick Scott’s top legislative priorities was filed as HB 401 Tuesday by freshman Rep. Ross Spano, R-Dover.

The bill increases the corporate income tax exemption from $50,000 to $75,000, increasing the number of businesses that do not pay the tax. Lawmakers increased the exemption last year from $25,000 to $50,000, costing the state $29.4 million in recurring revenue.

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