Tax policy

On July 8, the Small Business Tax Reform Coalition (SBTRC), a joint initiative of Small Business Majority and Main Street Alliance, sent a letter to the House and Senate Financial Services and General Government Subcommittees, urging them to preserve robust funding for the Internal Revenue Service (IRS) in the FY 2026 appropriations bill.

On May 1, Small Business Majority Colorado Director Hunter Nelson submitted written testimony in support of HB25-1021, legislation that would extend Colorado’s Employee Ownership Tax Credit to Establish or Expand through income tax year 2037.

Today, Senior Public Policy Director Awesta Sarkash, submitted a letter to the Speaker of the House and Senate Pro Tempore of North Carolina opposing legislation that would eliminate the state's corporate income tax. This is not a priority for small businesses and most small businesses do not benefit from this. 

On May 13, Small Business Majority and the Small Business Tax Reform Coalition submitted a letter, signed by nearly 100 small business owners, to the House Committee on Ways & Means in support of the Mom and Pop Tax Relief Act (H.R. 3249). The bill would replace the existing 20% passthrough deduction under Section 199A with a simplified deduction of up to $25,000. The letter highlights how H.R.

On April 14, Small Business Majority submitted a statement for the record in response to a recent joint House and Senate Small Business Committee hearing titled “Prosperity on Main Street: Keeping Taxes Low for Small Businesses.” Our statement urges Congress to reform the 199A pass-through deduction to deliver more meaningful tax relief for small businesses, particularly as they face increasing economic uncertainty from the administration’s unpredictable rollout of global tariffs. 
 

On March 10, Small Business Majority Colorado Director Hunter Nelson testified in support of House Bill 25-1199, legislation that would create an additional payment schedule option for commercial property taxes.