Georgia Approves Workaround To $10k SALT Cap

Fulcrum Partners Fulcrum Partners News

The State of Georgia passed H.B. 149 early last month, seeking a workaround to the $10,000 SALT* cap, included in the Tax Cuts and Jobs Act of 2017 (TCJA). The Bill, as passed by the Georgia House and Senate, becomes law pending the signature of Georgia Governor Brian Kemp. It will add Georgia to the growing list of states to give pass-through entities (PTEs) the option to be taxed at the entity level.