News Flash Home
The original item was published from 4/20/2021 12:24:57 PM to 4/23/2022 12:00:07 AM.

News Flash

Federal Government

Posted on: April 20, 2021

[ARCHIVED] Urge Congress to Restore Full SALT Deductibility, Congressional SALT Caucus Established

This week, New Jersey congressional members Bill Pascrell (D-9), Josh Gottheimer (D-5), Mikie Sherrill (D-11), and Tom Malinowski (D-7) joined with seven other congressional members from New York and California to establish the bipartisan Congressional SALT Caucus to advocate for removal of the deduction cap on State and Local Taxes (SALT) that was capped at $10,000 in 2017.

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

The League supports H.R. 946, the Stop the Attack on Local Taxpayers (SALT) Act, introduced by Congressman Pascrell, and co-sponsored by the other members of the New Jersey delegation that eliminates the property tax deduction cap.

Thank you if you are among the many municipalities that have passed a resolution in support of H.R. 946. If your municipality has not, please consider adopting the sample resolution, available in word or pdf, supporting H.R. 946.

Contact: Paul Penna, Legislative Analyst, ppenna@njlm.org, 609 695-3481, x110.

Facebook Twitter Email

Other News in Federal Government

NLC Offering Grant Bootcamps

Posted on: May 15, 2023

House Passes Debt Limit Bill

Posted on: April 28, 2023

EECBG Grant Application Webinars

Posted on: March 24, 2023

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