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Senate committee lays over bill extending pass‑through tax treatment for two more years
Summary
Senate File 3405, which extends pass‑through entity tax treatment (a workaround for state and local tax limits) through 2027, was presented to the Senate Committee on Taxes and laid over after brief explanation; no testifiers appeared at the hearing.
Senate File 3405, a bill to extend pass‑through entity tax treatment for two additional years, was presented April 29 to the Senate Committee on Taxes and laid over in the committee.
A committee member explained the measure continues an existing treatment that permits passthrough entities (such as S corporations) to use an elective state‑level treatment to preserve otherwise limited deductions. The bill would extend that treatment through 2027. Committee staff indicated the extension preserves the existing state workaround while awaiting any federal changes to individual or corporate tax rules.
There were no external testifiers; the committee laid the bill over for further consideration.
Votes at a glance: Senate File 3405 was laid over by voice vote; no roll call was recorded in the transcript.
