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New Jersey’s average SALT deduction in 2019 was just over $18,000, and most of those filing a claim earned between $100,000 and $200,000 a year, according to a National Association of Realtors ...
In April 2021, as the Build Back Better Act was being debated in the House, a bipartisan group of House lawmakers formed the "SALT caucus" to advocate for the repeal of the $10,000 limit on the state and local tax deduction. [32] They later threatened to block the bill if a raise on the SALT deduction was not included. [33]
The cap is slated to expire at the end of 2025. House debated SALT before killing bill. Earlier in the day, representatives engaged in an hour-long debate on the issue, providing a glimpse into ...
Rep. Mike Lawler's bill to double the cap on the deductibility of state and local taxes to $20,000 will be voted on in the House. Lawler wins chance for SALT tax-relief bill to come for a vote ...
The bill establishing the Inland Port was passed by the Utah Legislature with broad changes from earlier versions with little time for public comment and review. The bill was discussed for only 15 minutes on the floor of the state legislature. [35] "The citizens of the Westpointe Community Council, which encompasses most of the [area of the ...
A bill called the SALT Marriage Penalty Elimination Act, which would have raised the tax cap for some married filers and ease some of the burden in high-tax states like New York, was on the table ...
House Democrats on the Ways and Means Committee voted Wednesday to advance a temporary repeal of the $10,000 cap on the state and local tax deduction.The bill, which advanced largely along party ...
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