Reps. Suozzi, King want to reinstate SALT deduction
U.S. Reps. Tom Suozzi and Peter King on Monday announced legislation that would retroactively reinstate the state and local tax, or SALT, deduction.
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Jan 7, 2019, 11:50 AM
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Updated 2,180 days ago
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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.
Officials say the provision has been more of a burden to property owners on Long Island.
It's unclear if the legislation will clear the Republican-held U.S. Senate.
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