Wednesday, February 20, 2008

Bill Gates opposes eliminating the death tax but

is quite happy to have local and state taxes eliminated for Microsoft.


DES MOINES, Iowa (AP) - An Iowa Senate committee has approved a bill to grant tax breaks to Microsoft -- if the computer giant decides to put a project in Iowa.

The bill offers a 6-year exemption of state sales and use taxes on purchases of computers, equipment and electricity necessary for a Web portal business with an investment of at least $200 million in Iowa.