Finanse publiczne · 20/11/2023
SEC Proposes Regulations on Tax Deductions for Conservation Contributions by Partnerships and S Corporations
The SEC has released proposed regulations addressing the tax disallowance rule introduced by the SECURE 2.0 Act of 2022, which restricts tax deductions for certain conservation contributions made by partnerships and S corporations after December 29, 2022, if the contribution exceeds 2.5 times the sum of each partner's or shareholder's relevant basis.