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Reform law holds tax benefits for small business, officials say
Modern Healthcare

Small businesses are eligible for more than they think under the new tax credit provisions of the healthcare reform law, federal officials said during a teleconference. New guidance issued by the Treasury Department makes it clear that small businesses may receive state and federal tax credits, Michael Mundaca, Treasury assistant secretary for tax policy, said during a teleconference. In other words, a business’s credit will not be reduced if it also receives a healthcare tax credit or subsidy from a state, he said.