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California Self Storage Association


Local Initiatives Fund 

Tax Info - SALT Cap Workaround

Tuesday, December 28, 2021 10:41 AM | Ross Hutchings (Administrator)


Possible Tax Implications for 2021

With the goal of providing relief to small businesses “facing unprecedented economic hurdles due to COVID-19,” in Assembly Bill 150 California enacted a pass-through entity tax for 2021 (link). Numerous other states have similar bills.

Commonly referred to as the SALT cap workaround, this bill allows pass-through entities to pay and fully deduct California income tax of the partners/shareholders.

If you plan to make the election for 2021 taxable year, it is important for you to contact your tax advisor for actions prior to year-end

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California Self Storage Association
5325 Elkhorn Blvd., #283 
Sacramento, CA 95842

P: 888-CSSA-207 or 888-277-2207


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