TRENTON, New Jersey, Aug. 8 -- The New Jersey Business and Industry Association issued the following news release:

Thousands of businesses can now find out if they will be eligible for the 20 percent small business tax deduction included in the Tax Cuts and Jobs Act.

The U.S. Department of Treasury and the IRS issued proposed regulations this morning that "ensure that this historic tax cut will be available to the broadest spectrum of American businesses..."

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