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Committee explores decoupling from federal business breaks (QSBS, bonus expensing) to protect state revenues Witnesses warned that several federal business tax changes — notably the qualified small business stock exclusion and expanded bonus depreciation — could produce large state revenue losses and little in-state benefit; Davis urged Vermont to evaluate selective decoupling and cited other states' responses.

Vermont lawmakers are urged to rethink federal business tax breaks as potential losses loom large while benefits remain uncertain.

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