Policy Issues

Roundtable and Coalition Support Legislation to Permanently Extend 20% Pass-Through Income Deduction

May 18, 2023

Download Letter

The Real Estate Roundtable and a coalition of more than 145 business organizations sent a letter of support to Senate Finance Committee member Steve Daines (R-MT), who reintroduced legislation to make permanent the 20 percent deduction for pass-through business income ,one of the cornerstone provisions of the Tax Cuts and Jobs Act of 2017 that expires at the end of 2025. 

  • The letter notes that the bill “would provide certainty to the millions of S corporations, partnerships and sole proprietorships that rely on the Section 199A deduction to remain competitive both here and overseas.”

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