News Flash Home
The original item was published from 2/11/2021 4:34:26 PM to 2/12/2022 12:00:07 AM.

News Flash

Federal Government

Posted on: February 11, 2021

[ARCHIVED] Congressman Pascrell Introduces SALT Cap Elimination

New Jersey Congressman Bill Pascrell introduced H.R. 946, the Stop the Attack on Local Taxpayers (SALT) Act, which eliminates the $10,000 cap on property tax deduction. The measure also eliminates the cap retroactively.

The measure is co-sponsored by New Jersey Congressional Representatives Watson Coleman, Pallone, Sires, Payne, Norcross, Kim, Sherrill, as well as Congressmen Joe Courtney of Connecticut and Jimmy Panetta of California.

Full deductibility is vital to the long-term economic health of many states, including New Jersey. In 2017, the League passed Conference Resolution 2017-02, Urging Congress to Protect the Deductibility of State and Local Taxes and it has remained among the League’s Federal priorities since the cap was enacted in 2017 and the League adopted League Conference Resolution 2019-14Urging Congress to Restore the Full Deductibility of State and Local Taxes.

Please consider adopting the sample resolution, available in word or pdf, supporting H.R. 946.

Contact: Paul Penna, Legislative Analyst, ppenna@njlm.org or 609-695-3481, ext. 110.

Facebook Twitter Email

Other News in Federal Government

President Biden Proposes FY24 Budget

Posted on: March 10, 2023

Prepare for FY 2024 EPA Brownfield Grants

Posted on: February 17, 2023

FY2023 Federal Omnibus Budget Passed

Posted on: January 9, 2023

SHBP Update: No Relief In New Year

Posted on: December 30, 2022

Federal Budget Update

Posted on: December 23, 2022

Federal Budget Update

Posted on: December 19, 2022

Blog Post: Available Federal Grants

Posted on: September 27, 2022

President Signs CHIPS and Science Act

Posted on: August 12, 2022

Inflation Reduction Act Activity

Posted on: August 12, 2022

Ground Broken on Portal North Bridge

Posted on: August 8, 2022

Second Tranche of ARP SLRF Expected

Posted on: June 13, 2022

ARP & BIL Presentation

Posted on: May 13, 2022

Scam Targeting ARPA SLFRF NEUs

Posted on: April 13, 2022