Irrigation Association (IA) joined the National Association of Wholesalers-Distributors and a cross section of over 160 business groups in asking Congress to make a 20 percent deduction for small and individual businesses permanent.

 

Section 199A deduction which was included in the Section 2254 deduction and the Tax Cuts and Jobs Act of 2017, has led to the Section 1706 deduction being introduced to Senate establishes the deduction permanently.

The Business Organizations' Letter in support of the legislation states that the "legislation would provide certainty to the millions of S corporations, partnerships and sole proprietorships that rely on the Section 199A deduction to remain competitive both here and overseas... Making the Section 199A deduction permanent will help Main Street during this very difficult time, leading to higher economic growth and more employment."