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Software Club 210: Light Red
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Club_Software_210_Light_Red_Micro_Star_1997.iso
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f144.sbe
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1997-02-04
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852b
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22 lines
@083 CHAP ZZ
┌───────────────────────────────────────────────┐
│ ENVIRONMENTAL TAX ON LARGE CORPORATIONS │
└───────────────────────────────────────────────┘
The federal Internal Revenue Code imposes an environmental
tax on the "alternative minimum taxable income" of certain
large corporations. This tax will not generally affect
small business, however, as the tax applies, at the rate of
0.12%, only to corporate alternative minimum taxable income
of over $2 million. Note that this this provision expired
at the end of 1995. However, the Clinton Administration
supports an extension of this tax, at least through the
year 2000, and perhaps permanently, but as of early 1997,
Congress has not acted to reinstitute the tax. (Section
59A of the Internal Revenue Code of 1986)
Stay tuned....