New Jersey Assembly Resolution 38 urges Congress to reinstate the unlimited state and local tax deduction.

New Jersey Assembly Resolution 38 urges Congress to reinstate the unlimited state and local tax deduction. The resolution highlights the financial benefits of the SALT deduction for New Jersey residents and the state, noting the significant disparity between federal taxes paid and federal funding received. It emphasizes the importance of the deduction for taxpayers who itemize and the need to address the tax disparity.

New Jersey Assembly Resolution 38 urges Congress to reinstate the unlimited state and local tax deduction.

New Jersey Assembly Resolution 38 urges Congress to reinstate the unlimited state and local tax deduction. The resolution highlights the financial benefits of the SALT deduction for New Jersey residents and the state, noting the significant disparity between federal taxes paid and federal funding received. It emphasizes the importance of the deduction for taxpayers who itemize and the need to address the tax disparity.