A New York state lawmaker is preparing to push for an expansion of the State and Local Tax (SALT) deduction if federal lawmakers move forward with a new tax bill. The move comes as Congress considers a proposal that could potentially limit the SALT deduction, a provision that allows individuals to claim a tax break for state and local taxes paid. New York lawmakers have long been vocal opponents of any SALT cap, arguing that it would disproportionately harm residents in high-tax states like New York, New Jersey, and California. If the federal bill advances, the New York state lawmaker's push for expansion could lead to a high-stakes battle over tax policy.
New York Lawmaker Seeks SALT Expansion If House Pursues Tax Bill Bloomberg.com
