Doing away with the deduction for state and local taxes (SALT) has people across New Jersey, as well as in other high-tax states, seeing red.
Now, two New Jersey congressmen — Leonard Lance (R-7) and Josh Gottheimer (D-5) — have teamed up to appeal to members of the conference committee to restore the write-off.
“We hope that the conference committee will consider our proposal, bipartisan in nature, that would retain in its entirety the deductability for state and local taxes known as SALT. This is extremely important to New Jersey and there has been that ability to deduct state and local taxes since the modern code was enacted a century ago in 1913,” said Lance.
Read the full story on NJTV News Online, a content partner of NJ Spotlight.