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Identify and discuss the limitations that have been imposed on the general business tax credit including the overall ceiling limitation based on the tax liability.

Identify and discuss the limitations that have been imposed on the general business tax credit including the overall ceiling limitation based on the tax liability. 

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In order to provide some uniform rules about dollar limitations carrybacks and carryforwards and other technical details many of the federal income tax credits available to businesses that were discus... blur-text-image

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