Michael Mooney

Michael Mooney

Nutter McClennen & Fish LLP

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Overriding the Governor, Massachusetts Legislature Gives Pass-Through Entity Owners a Workaround to Federal SALT Deduction Cap

The Massachusetts legislature, overriding Governor Baker’s prior veto, has voted to enact a new elective pass-through entity (“PTE”) tax designed as a way for PTE owners to get out from under the $10,000 cap ($5,000 for...more

10/26/2021  /  Congressional Override , Corporate Taxes , Governor Baker , Governor Vetoes , New Legislation , Pass-Through Entities , SALT , State Legislatures , Tax Cuts and Jobs Act , Tax Deductions
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