Senate Bill 132; Signed 6/27/25.

Pass through entity payments (PTE) under AB150 available to partnerships, LLCs and S Corporations were due to expire 12/31/2025. They have been extended through 12/31/2030.

[Note that in the original wording of the One Big Beautiful Bill signed 7/4/25, use of the PTE was to be limited. However, the final version of the OBBB removed that limiting language].

See the article in this section dated 7/28/21 entitled “SALT Limitation Partial Work Around.” Please call if you have additional questions.