Pass-Throughs Renew Lobbying Push to Keep a Lucrative Tax Break

Real estate, manufacturing, and other industries are revving up lobbying on Capitol Hill to protect a prized tax break for pass-through business income.

The provision is one of a slew of tax cuts from the GOP 2017 tax law expiring at the end of next year. For those benefiting—individuals, trusts, estates, owners of certain agriculture cooperatives, real estate investment trusts, and publicly traded partnerships—it’s a big priority to keep the deduction.

The 2017 tax law established the 20% deduction under Section 199A of the tax code on certain pass-through income, which owners of businesses such as partnerships, S corporations, and ...