News Flash Home
The original item was published from 6/24/2019 11:42:09 AM to 7/25/2019 12:00:03 AM.

News Flash

Budgeting

Posted on: June 24, 2019

[ARCHIVED] Federal Ways & Means Committee to Hold Hearing on Local Impact of SALT Cap

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.


Facebook Twitter Email

Other News in Budgeting

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

Energy Tax Receipt Funding Update

Posted on: June 29, 2022

FY2023 Budget Update

Posted on: June 29, 2022

FY 2023 Budget Hearings Continue

Posted on: April 22, 2022

FY 2021 State Budget-Municipal Interest

Posted on: February 24, 2021