04
Jul
2025
Statement on the Recently Approved Federal Tax Legislation Benefits for Businesses
“Businesses in New York State appreciate the work that our congressional delegation did in extending the tax cuts, fighting to preserve the pass-through entity tax mechanism (PTET), and raising the cap on deductibility of state and local taxes (SALT). Congressman Lawler was a champion in ensuring that the business tax cuts continue and in preserving the SALT deduction, which will benefit all taxpayers in states with high state and local tax burdens.”