Topic
Pass-through Entities
43 published works
Larry's Tax Law
The Oregon SALT Workaround for Eligible Pass-Through Entities Has Been Extended by Oregon Lawmakers – So, We Have Nothing to Worry About, or Do We?
By Larry Brant
As reported last week, Senate Bill 1510 (“SB 1510”) was passed by the Oregon Senate on February 24, 2026. It was passed by the Oregon House of Representatives on March…
Larry's Tax Law
The Oregon SALT Workaround for Eligible Pass-Through Entities Has Been Extended by Oregon Lawmakers – So, We Have Nothing to Worry About, or Do We?
As reported last week, Senate Bill 1510 (“SB 1510”) was passed by the Oregon Senate on February 24, 2026. It was passed by the Oregon House of Representatives on March…
Larry's Tax Law
The Oregon SALT Workaround for Eligible Pass-Through Entities May, Like the Cat, Have More Than One Life
As reported earlier, Senate Bill 1510 (“SB 1510”), if passed and signed into law by Governor Tina Kotek, would extend the life of the Oregon state and local tax (“SALT”)…
Taft Tax Insights
Did you know 36 states have enacted PTE tax laws to enable owners of partnerships and s corporations to avoid the $10,000 annual limit on the deductibility of state taxes?
By James Duffy
As you are probably aware, the Federal tax code was amended in 2017 to limit the deduction that individuals can take for state and local taxes to $10,000. As noted…
Cooking with SALT
Mississippi Legislature Takes Up Pass-Through Entity Election Technical Corrections Bill
The Mississippi Legislature has taken up two bills this session [HB 1668 / SB 3102] intended to correct several technical issues contained in last-year’s pass-through entity (“PTE”) election legislation. See…
Cooking with SALT
Addendum – Estimated Tax Payments: Mississippi Follows the National Pass-Through Entity Tax Election Trend — Start Now to Make a 2022 Tax Election
Addendum – Estimated Tax Payments: Just after our article went to press, we received some informal guidance from the DOR regarding estimated tax payments that presents a bit of a…
Cooking with SALT
Mississippi Follows the National Pass-Through Entity Tax Election Trend — Start Now to Make a 2022 Tax Election
This year, a number of state legislatures considered and passed legislation that creates a pass-through entity (PTE) tax as a workaround to the $10,000 cap on the state and local…
Leahy Tax Blog
Small Business Pass-Through Entity Tax Scrapped From Inflation Reduction Act
By Jake Leahy
Small business owners have always had it tough — making payroll, dealing with customers, and of course, writing a large check to Uncle Sam at the end of the year…
Cooking with SALT
Mississippi Enacts Pass-Through Entity Income Tax Election/ SALT Cap Workaround
Mississippi recently passed a SALT cap workaround in the form of a flow-through entity election. Consistent with the roughly 26 other states having adopted similar schemes, the Mississippi bill presents…
Legacy Advisors
California SB 113 Eliminates Suspension on NOL Deductions, Lifts Limitation on Use of Tax Credits, and Expands Elective Pass-Through Entity Tax
By Bradley R. Marsh, Ruben Sislyan
Senate Bill 113 (SB 113), which Gov. Newsom signed into law Feb. 9, 2022, contains important California tax law changes, including reinstatement of business tax credits and net operating loss…