AICPA publishes additional resources in push to preserve PTET SALT deduction

A follow-up letter to congressional finance leaders last week and a new “Fact or Fiction” analysis underscore the AICPA’s opposition to several tax provisions in the House-approved budget bill, most notably the limitation of the passthrough entity tax/state and local tax (PTET SALT) deduction for specified service trades or businesses (SSTBs).

The AICPA has expressed repeated opposition to several aspects of the budget bill now being considered by the Senate. The bill, H.R. 1, known as the One Big Beautiful Bill Act, passed the House of Representatives on May 22 by a vote of 215 in favor to 214 opposed. The House version of the bill does not allow SSTBs to deduct state and local taxes.

Practitioners or other interested parties who may have questions about preserving the PTET SALT deduction can read the new Fact or Fiction resource that breaks down several aspects of the deduction.

Another document analyzes the impact of the bill’s changes to the PTET SALT deduction.

Additional resources:

• 2025 AICPA tax reform advocacy homepage.
• State and local tax advocacy resources.
• JofA podcast episode about the PTET SALT deduction being the AICPA’s “No. 1 priority.”