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.
With key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire this year, Congress must decide how it wants to move forward when it comes to the tax code. This is notable because any potential changes to our tax system would have a profound impact on small businesses. One provision set to expire is the Section 199A deduction that allows businesses that are pass-through entities to deduct up to 20% of their qualifying business income from their federal taxes.
This fact sheet explains why the current 199A tax deduction benefits wealthy pass-throughs more than real small businesses—and highlights a smarter, fairer reform that would deliver meaningful tax relief to Main Street.
To remain competitive, small businesses require a tax code that prioritizes their sustainability and growth, enabling them to make investments in their operations and workforce. However, our nation’s current tax code does not work for Main Street. The tax system favors large corporations over small businesses.
This Voice of Main Street poll shows entrepreneurs face major capital challenges and oppose the administration’s proposed spending cuts. Notably, 78% are concerned about cuts to the SBA, which provides vital resources small businesses need to succeed.
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.
On February 19, Small Business Majority Colorado Director Hunter Nelson testified in support of House Bill 25-1021, legislation that would extend Colorado’s Employee Ownership Tax Credit to Establish or Expand through income tax year 2037. It would also increase the percentage of conversion or expansion costs that are eligible to be claimed for the credit from 50% to 75% beginning in tax year 2026.
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