NJ Spotlight News
Sherrill introduces legislation to lift SALT cap
Clip: 2/1/2023 | 1m 16sVideo has Closed Captions
Renewed fight to bring back major tax break for residents
U.S. Rep. Mikie Sherrill (D-11th) this week introduced bipartisan legislation to lift the $10,000 cap on state and local taxes from federal tax returns. The so-called SALT cap was signed into law by former President Donald Trump in 2017. It has mainly affected residents in New Jersey, which has the highest property taxes in the nation.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Sherrill introduces legislation to lift SALT cap
Clip: 2/1/2023 | 1m 16sVideo has Closed Captions
U.S. Rep. Mikie Sherrill (D-11th) this week introduced bipartisan legislation to lift the $10,000 cap on state and local taxes from federal tax returns. The so-called SALT cap was signed into law by former President Donald Trump in 2017. It has mainly affected residents in New Jersey, which has the highest property taxes in the nation.
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Clip: 2/1/2023 | 4m 11s | Gov. Phil Murphy suggested setting a May 11 expiration date might be a bit premature (4m 11s)
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS