SBIA expresses support for BDC tax parity bill
August 18, 2023 (Washington, D.C.) – The Small Business Investor Alliance (SBIA), the leading association representing Business Development Companies (“BDCs”) and lower middle market private equity and its investors, applauded bipartisan legislation introduced by U.S. Reps. Jodey Arrington (R-TX), Brendan Boyle (D-PA), Darin LaHood (R-IL), and Danny Davis (D-IL) that would level the playing field to allow BDC investors the same 20 percent deduction on Qualified Business Income that REITs and S-Corp banks received in the 2017 Tax Cuts and Jobs Act.
“Fixing this part of our tax code will encourage investment in America’s growing businesses and build a stronger economy,” said SBIA President Brett Palmer.
SBIA looks forward to working with Congress to move the bill forward.
About the Small Business Investor Alliance
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.