Bradley Partner Bruce Ely Quoted in Bloomberg Tax on SALT Cap Workarounds to Expect in 2020

Bradley attorney Bruce Ely was quoted in Bloomberg Tax on SALT cap workarounds to expect in 2020. High-tax states had little luck challenging the $10,000 federal cap on individual taxpayer deductions for state and local taxes in 2019, and it appears 2020 will be no different. As a result, business-related workarounds are shaping up to be the best option for states opposed to the cap.

“It’s a reasonable alternative,” Ely said. “I think you’re going to see a number of states adopt these entity-level taxes next year.”

The complete article, “States Face Uphill Battle to Ditch the SALT Cap in 2020,” first appeared in Bloomberg Tax on December 26, 2019.