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The original item was published from 10/15/2018 11:31:47 AM to 11/10/2018 12:00:02 AM.

News Flash

Federal Government

Posted on: October 15, 2018

[ARCHIVED] League and Others Submit Comments Opposing SALT Regulations

Earlier this week, on behalf of our members the League submitted comments opposing proposed amendments to IRS regulations which would have eliminated the effectiveness of New Jersey’s efforts to dampen the effects of the recent $10,000 cap on State and Local Tax (“SALT”) deductions.

 

Also submitting comments in opposition to the proposed SALT regulations was State Attorney General, Gurbir Grewal, joined by the Attorneys General of California, Connecticut, and New York.  These comments continue the State’s role in trying to avoid the harsh impact the SALT cap deduction would have on the Garden State.

 

A public hearing on these proposed amendments will take place on November 5, 2018, where it is anticipated they will be voted on for adoption.  We will keep you updated on this matter as it continues to progress.

 

Contact: Frank Marshall, Esq., League Staff Attorney, FMarshall@njslom.org, 609-695-3481 x 137.


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