IA joins business organizations’ letter supporting tax deduction permanence

The IA joined NAW and more than 160 other business groups asking Congress to make permanent a 20% deduction for small businesses.  
The letter, joined by more than 160 other business associations, asks Congress to make permanent a Section 199A 20% deduction for small- and individually owned businesses.

The Irrigation Association, Fairfax, Virginia, joined the National Association of Wholesalers-Distributors and a cross-section of more than 160 other business groups in asking Congress to make permanent a 20% deduction for small- and individually owned businesses.  

The Section 199A deduction, which would benefit businesses such as S-corps and LLCs, was included in the S.2254, the Tax Cuts and Jobs Act of 2017. A bill introduced in the Senate, S.1706, The Main Street Tax Certainty Act, would establish that deduction permanently. 

The letter, addressed to Sen. Steve Daines, R-Montana, and Rep. Lloyd Smucker, R-Pennsylvania, provides support for the act, as it would “provide certainty to the millions of S corporations, partnerships and sole proprietorships that rely on the Section 199A deduction to remain competitive both here and overseas.” 

Read the full letter online. 

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