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Legislature wraps up busy week

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Highlights from the Legislature on Thursday: – The House gave initial approval to a measure (House Bill 1001) that would require large utility companies to generate nearly one-third of their electricity from renewable energy sources by 2020. The bill, one of the top priorities this year for Gov. Bill Ritter, faces a third reading before… Continue Reading Legislature wraps up busy week

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Estate tax dead this year

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At first glance, not having an estate tax may seem innocuous — but it’s not. Although the House of Representatives passed legislation Dec. 2 to extend the $3.5 million lifetime exemption, no action was taken by the Senate before it adjourned at the end of 2009. The Economic Growth and Tax Relief Reconciliation Act of… Continue Reading Estate tax dead this year

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FASB to review mark-to-market

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Economists and financial analysts vehemently disagree about bailouts and which sort of regulations work or don’t. But now many agree – from investor Warren Buffett to Republican Steve Forbes to Democratic economic adviser Mark Zandi, to name a few – that mark-to-market accounting “exaggerates losses and results in tighter lending when it is used to… Continue Reading FASB to review mark-to-market

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