The U.S. Senate is considering a sweeping bill that effectively targets particular pass-through businesses by indirectly raising taxes on those entities that are considered the backbone of the American economy but maintain deductions for large corporations. The legislative package, known as the “big beautiful bill,” is expected to undergo additional changes before the Senate’s upcoming vote. Join ARCPA and AICPA in raising awareness of this issue by contacting your senators by Friday, June 13.
Impact of Proposed Changes to PTET SALT Deduction
Comprehensive List of Specified Service Trades or Businesses (SSTBs)