Reps. Suozzi, King want to reinstate SALT deduction
News 12 StaffJan 07, 2019, 6:50am EST
Updated on:Jan 07, 2019, 6:50am EST
U.S. Reps. Tom Suozzi and Peter King on Monday announced legislation that would retroactively reinstate the state and local tax, or SALT, deduction.
A provision in the 2017 GOP tax overhaul put a $10,000 cap on deductions.
It's unclear if the legislation will clear the Republican-held U.S. Senate.