Patrick Sharma

Patrick Sharma

Cooley LLP

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Proposed Federal Tax Legislation Would Effect Three Key Changes to State and Local Tax Deductibility Limits

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated in the Senate. Among other proposals, if enacted into law, TOBBB would make...more

6/3/2025  /  Federal Taxes , Internal Revenue Code (IRC) , New Legislation , Pass-Through Entities , Proposed Legislation , SALT , State Taxes , Tax Deductions , Tax Policy , Tax Reform
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