News Flash


Posted on: September 14, 2018

Permanent SALT Deduction CAP on Federal Slate

Earlier this week, Federal lawmakers introduced a series of bills which seek to make permanent certain revisions made last year to the tax code. Among those provisions sought to be made permanent is the controversial, $10,000 cap placed on the deduction of state and local taxes (SALT). Without the proposed legislation, the cap would expire in 2025.   


The move to make the SALT cap permanent comes only weeks after the IRS issued proposed regulations limiting the effectiveness of workarounds many states, including New Jersey, have created to reduce the negative impact of the SALT cap.  


The League is monitoring the progress of the Federal bills and other issues regarding the SALT cap, and will update our members on any progress.


Contact: Frank Marshall, Esq., League Staff Attorney,, 609-695-3481, x137.

Facebook Twitter Google Plus Email

Other News in Home

Local Gov. Assistance in Wake of Florence

Posted on: September 12, 2018

2018 League Conference Resolutions

Posted on: September 11, 2018

CV for Out-of-State Sales Tax Bill

Posted on: September 7, 2018

Alyssa's Law Gets Conditional Veto

Posted on: September 7, 2018

Governor Vetoes Bag Fee Bill

Posted on: August 24, 2018

Post-Retirement Volunteer Bill Ok'd

Posted on: August 24, 2018

NJ Infrastructure Bank Changes

Posted on: August 20, 2018

Automatic Mail-In Ballots Get Gov. Ok

Posted on: August 20, 2018