Since 2018, the Parity for Main Street Employers coalition has led advocacy efforts to restore the State and Local Tax (SALT) deduction for Main Street Employers organized as pass-throughs. More than a half dozen states have enacted our model legislation to date and, following the 2020 Treasury Department announcement validating our legislative approach, SALT Parity measures are being actively considered in more than a dozen states this year.
A real-time map showing the status of our SALT Parity efforts across the country, as well as links to key materials, can be found below:
- Model Statutory Language – Pass-Through Entity Tax
- PMSE Legal Analysis Supporting SALT Parity
- IRS Notice 2020-75 on SALT Parity
- S Corporation Association: Washington Wires
- SALT Issue Brief and Presentation
- SALT Parity Q&A
- SALT One-Pager
- Parity for Main Street Employers SALT Press Release (May 22, 2018)
- Connecticut:
- Legislation:
- Status:
- Enacted 5/31/2018
- Wisconsin:
- Legislation:
- Status:
- Enacted 12/14/2018
- Oklahoma:
- Legislation:
- Status:
- Enacted 4/29/2018
- Additional Resources:
- Louisiana:
- Legislation:
- Status:
- Enacted 6/22/2019
- Rhode Island:
- Legislation:
- Status:
- Enacted 7/7/2019
- New Jersey:
- Legislation:
- Status:
- Enacted 1/13/2020
- Maryland:
- Legislation:
- Status:
- Enacted 7/1/2020
- Alabama:
- Legislation:
- Status:
- Enacted 2/12/2021
- Arizona:
- Legislation:
- Status:
- Additional Resources:
- Arkansas:
- Legislation:
- Status: Introduced 1/29/2021
- Additional Resources:
- California:
- Legislation:
- Status:
- SB 104: Introduced 1/5/2021
- Budget Proposal: Released 1/8/2021
- Additional Resources:
- Georgia:
- Legislation:
- Status:
- Additional Resources:
- Massachusetts:
- Legislation:
- Status:
- Released 1/22/2021
- Additional Resources:
- Michigan:
- Legislation:
- Status:
- Introduced 2/23/2021
- Tax Policy Committee hearing held 3/3/2021
- Additional Resources:
- Minnesota:
- Legislation:
- Status:
- Introduced 1/21/2021
- Committee hearing held 1/26/2021 (coverage)
- Additional Resources:
- North Carolina:
- Legislation: None introduced
- Additional Resources:
- New York:
- Legislation:
- Status:
- S. 2915: Introduced 1/26/2021
- Budget Proposal: Released 1/20/2021
- Additional Resources:
- Ohio:
- Legislation:
- Status:
- Introduced 2/16/2021
- Additional Resources: