Washington–House legislation to allow purchasers of eligiblesmall businesses a tax write-off of as much as $5 million ofintangible assets over a five-year period is getting a big pushfrom an insurance agents group.

The bill introduced yesterday, known as the “Tax Fairness forSmall Business Act,” has the strong support of the IndependentInsurance Agents and Brokers of America.

The measure was introduced by Chief Deputy Majority Whip EricCantor, R-Va., and Rep. Earl Pomeroy, D-N.D.

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