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The original item was published from 4/20/2021 12:25:13 PM to 4/23/2022 12:00:07 AM.

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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.

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