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Sen. Cruz Introduces Bill on Tax Deduction for Investment in Qualified Property

by MYRA TUGADE

WASHINGTON, Aug. 1 -- Sen. Ted Cruz, R-Texas, has introduced legislation (S. 4376) to amend the Internal Revenue Code of 1986 "to permanently allow a tax deduction at the time an investment in qualified property is made."

The bill was introduced on July 30 and was co-sponsored by Sen. Martha McSally, R-Ariz. It was referred to the Senate Finance Committee.

For more information, Sen. Ted Cruz, 127-A Russell Senate Office Building, Washington DC, 20510; 202/224-5922; or i . . .

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