News Flash

Federal Government

Posted on: February 16, 2021

CALL TO ACTION: Support Congressman Pascrell’s Legislation to Eliminate Cap on SALT Deduction

This week, New Jersey Congressman Bill Pascrell introduced H.R. 946, the Stop the Attack on Local Taxpayers (SALT) Act, which eliminates the $10,000 cap and fully restores the deduction for state and local taxes. The measure also eliminates the cap retroactively.

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

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.

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

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