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Legislature Opposes Elimination of the Federal Income Tax Deduction for State and Local Taxes

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Legislature Opposes Elimination of the Federal Income Tax Deduction for State and Local Taxes

Tuesday, November 21, 2017

The Legislature, without dissent, formally expressed its strong opposition to any tax reform proposal that would eliminate the State and Local Tax (SALT) deduction and urged Congressman Reed and Senators Gillibrand and Schumer to join publicly in opposing any such proposal. With Congress giving serious consideration to eliminating such deductions, the Legislature’s resolution notes, in part, that the deduction is heavily utilized by residents of our community and State, that without it residents would be faced with double taxation, and that this federal cost shift onto local governments would place extreme pressure on municipal budgets, including diminished revenue for essential local government investments, including public safety and public infrastructure.