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Lawmakers are re-introducing legislation to repeal the deduction cap on state and local taxes
April 14 -
Sen. Susan Collins introduced the SALT Deduction Fairness Act last week, the latest effort to restore a full income tax deduction for state and local taxes.
March 20 -
The state approved further cuts next year with provisions for possible additional cuts annually, starting in 2025, paving the way for the elimination of the personal income tax.
March 9 -
The bill, introduced in the House by Rep. George Santos, R-NY, is one of three currently circling around Congress that would lift the state and local tax deduction.
March 2 -
The issue is important to lawmakers in high-tax states, and is also important to municipal issuers in those places who have said the cap infringes on their fiancial sovereignty.
February 9 -
"Now our state is blessed with an opportunity for prosperity and growth unlike any before in our history," said Jim Justice.
January 17 -
The "no SALT no deal" Democrats appear ready to support the compromise reconciliation package negotiated in the Senate.
August 1 -
The bill from Chuck Grassley and other Senate Republicans would extend the $10,000 cap on the state and local tax deduction for federal income tax filers.
June 15 -
Sponsors of the Supporting American with Lower Taxes Act see it as a potential compromise on the contentious state and local tax deduction cap issue.
March 1 -
Democrat-leaning states argue that the $10,000 SALT cap deduction is politically motivated and violates the U.S. Constitution.
January 4