"Conduit" or "pass-through" entities include S corporations, partnerships, and limited liability companies (LLCs). With conduit entities, there is no tax at the entity level. Instead, all income or loss flows through to shareholders, who report these earnings on their own income tax returns.
Acquirers are willing to pay a premium acquisition price to obtain the tax benefits derived from the election.
Corporations, their lobbyists, and many economists have argued that corporate tax cuts will stimulate economic growth. They’ll also stimulate tax-motivated loss-shifting activity.