Statement from NYSAC Executive Director Stephen J. Acquario on Restoration of SALT Deductibility

• By: NYSAC
• On: 11/19/2021 14:44:39
• In: Press Releases

The uncapped SALT deduction was established 150 years ago to create fairness between high and low-cost states. It represents the very essence of the Republic and its taxpayers at the federal, state and local level and how policies are funded and services provided. The Association thanks Congressman Suozzi, and the entire NY Congressional Delegation for their steadfast efforts to restore this provision in the American Tax Code. Should legislative efforts fail to generate consensus on the provisions contained in the legislation, SALT should be uncoupled and passed on its own merit. Counties will continue working with Senators Schumer and Gillibrand to ensure that middle-class New Yorkers once again have access to this needed tax relief.