In Case You Missed It: ACEC Mentioned in Bloomberg Writeup on Section 199A

Earlier this week, the Main Street Employers Coalition submitted to the House Ways & Means Committee tax team comments supporting permanency for Section 199A. ACEC is on the steering committee of the Coalition and were mentioned by name as members of the alliance seeking to preserve the 199A tax break for passthrough businesses.

Enacted as part of the Tax Cuts and Jobs Act of 2017, 199A provides significant tax benefits for passthrough businesses such as sole proprietorships, partnerships, and S-corporations. It is set to expire next year. ACEC is working both separately and with our coalition allies to make the deduction permanent. The ACEC-cosigned letter in support of 199A can be read here.