What Is The Salt Cap Tax 2025 Virginia
What Is The Salt Cap Tax 2025 Virginia. Virginia’s new law allows certain qualifying ptes to make an annual election to pay an income tax at a rate of 5.75% at the entity level. Below, we provide a brief history of salt from.
The tax cuts and jobs act (tcja), p.l. 10 of the 36 states that have pte tax workarounds are set to expire at the end of 2025 when the salt cap expires at the federal level.