On Wednesday, it was announced that a Ways and Means subcommittee will hold a hearing next week to review how the recently enacted $10,000 cap on federal income tax deductions for state and local taxes (SALT) may “harm communities, schools, first responders, and housing values.”
The Select Revenue Measures Subcommittee will hold a hearing on June 25, 2019, at 10 a.m. and written comments will be accepted until close of business on July 9, 2019. For further information, including how to submit your own comments, please see the Ways and Means Committee meeting announcement.
Contact: Frank Marshall, Esq., League Staff Attorney, fmarshall@njlm.org or 609-695-3481, x137.