Bill Introduced in Congress to Restore SALT Deductions

New York Congressmen Nita Lowey and Peter King both voted against the tax reform legislation.

NEW YORK CITY—Two New York members of Congress have introduced bipartisan legislation to restore the state and local tax deduction that was capped at $10,000 as part of the federal tax reform plan passed last month.

US Reps. Nita Lowey (D-NY-17/Rockland-Westchester) and Peter King (R-NY-2/Nassau-Suffolk) have introduced the “SALT Deductibility Act” that would repeal the $10,000 limit on the SALT deduction. The federal tax reform law caps the SALT deduction at $10,000. Many state and local politicians, including Gov. Andrew Cuomo, have railed over the SALT cap, charging that the cap penalizes states with high property taxes such as New York.