Nevada Senator, Catherine Cortez Masto, is pushing for legislation that seeks to increase tax deductions for small businesses in the state. The bill aims to provide relief to small businesses that have been struggling due to the economic impacts of the COVID-19 pandemic.
Senator Masto believes that small businesses are the backbone of Nevada’s economy and play a crucial role in creating jobs and supporting local communities. By increasing tax deductions for these businesses, she hopes to alleviate some of the financial burden they have faced in recent years.
The legislation would allow small businesses to deduct additional expenses such as rent, utilities, and other operating costs, providing them with much-needed relief during these challenging times. Senator Masto also hopes that these tax deductions will encourage small businesses to reinvest in their companies and help them recover and grow in the future.
In a statement to the Las Vegas Review-Journal, Senator Masto emphasized the importance of supporting small businesses and ensuring they have the resources they need to succeed. She believes that by providing tax relief to small businesses, Nevada can help stimulate economic growth and create more opportunities for job creation and prosperity in the state.
The bill has received support from local business owners and industry groups, who believe that increasing tax deductions for small businesses is a step in the right direction. As the legislation moves forward, Senator Masto hopes to garner bipartisan support and ultimately enact positive change for small businesses in Nevada.
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