NEWS WATCH: HOUSE PASSES PERMANENT ESTATE TAX REPEAL...BI-LO SALE ACCOUNTING REDUCES LOSS FOR AHOLD...ALBERTSONS WORKERS TO VOTE ON COLORADO PACT...

HOUSE PASSES PERMANENT ESTATE TAX REPEALatives voted 272-162 to permanently repeal the estate tax last week, a move supported by the industry because of the burden retailers say the tax places on owners of family-owned business seeking to pass their companies on to the next generation. The elimination of the tax "is extremely important to family businesses, who are forced to operate now in a fiscal-planning

HOUSE PASSES PERMANENT ESTATE TAX REPEAL

atives voted 272-162 to permanently repeal the estate tax last week, a move supported by the industry because of the burden retailers say the tax places on owners of family-owned business seeking to pass their companies on to the next generation. The elimination of the tax "is extremely important to family businesses, who are forced to operate now in a fiscal-planning twilight zone -- uncertain whether the tax will be reinstated in 2011 or

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