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The Revenue Act of 1964 restricted the SALT deduction to state and local taxes on real property, personal property, income, general sales, and gasoline and other motor fuels. [17] Amid the 1970s energy crisis, Congress passed the Revenue Act of 1978, which eliminated the deduction for state and local taxes on gasoline and motor vehicle fuel.
John M. Drew (born May 31, 1973) is the current Tax Collector of Nassau County, Florida. [1] Drew was first appointed by Governor Jeb Bush in May 2006 [2] and was elected to office later that year.
For an individual making $100,000 in 2023 who paid $20,500 in state, local, property and other eligible taxes, eliminating the SALT cap could save them roughly $2,300 on their federal tax bill ...
The Tax Revolt Party's primary agenda was to reduce what many residents saw as out-of-control taxes in Nassau County. The Tax Revolt Party stated intent was to restore disciplined fiscal management to Nassau County following what they argued was eight years of fiscal mismanagement under former County Executive Thomas Suozzi. [117] [119] [120]
RXR Realty Investments CEO Scott Rechler donated nearly $21,500 to Gillen's county-level campaign in the months leading up to the Nassau Hub deal, New York State Board of Elections records show.
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
Funeral expenses are generally not tax deductible on your personal income tax return. The IRS does not consider funeral costs qualified medical expenses. While individuals cannot deduct these ...
The Nassau Interim Finance Authority is a New York State public-benefit corporation created to assist Nassau County, a suburban county adjacent to the city of New York on Long Island, emerge from a financial and debt crisis that began in the late 1990s. As of the start of 2022, NIFA, as it is known, was still in place and still supervising ...