Article: Small Business Tax Flexibility Act Introduced in Senate by Sen. Snowe

WASHINGTON, Feb. 3 -- Sen. Olympia J. Snowe, R-Maine, has introduced the Small Business Tax Flexibility Act of 2007 (S. 270), legislation that would "permit startup partnerships and S corporations to elect taxable years other than required years."

The bill, introduced on Jan. 11, was co-sponsored by Sen. Blanche Lincoln, D-Arkansas. It was referred to the Senate Finance Committee.

For more information about this report, contact US Fed News through its Washington, D.C.-area office, 703/304-1897 or by e-mail at myron@targetednews.com.

A copy of the full-text of the legislation follows:Small Business Tax Flexibility Act of 2007S. 270To permit startup partnerships and S corporations to elect ...

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