The Issues: State and Local Tax (SALT) Deductibility 


Quick Facts About State and Local Tax (SALT) Deductibility:

  • 3.2 million New Yorkers claim the deduction.

  • 85% of those who claim the deduction earn less than $200K in annual income

  • New Yorkers reported more than $67 billion in such itemized deductions on their federal tax returns in 2014.

"We oppose the elimination of State and Local Tax deductibility, which would penalize the middle-class and hamper the ability of state and local governments all across the country to fund critical public services like education, safety, and infrastructure. While New York is obviously affected, this provision will harm 44 million, predominantly the middle-class and homeowners, in all 50 states. It's a $1.2 trillion Washington money grab that imposes a tax on taxes already paid, and a violation of the basic principle of fiscal federalism that has been in place for over 100 years." - Association for a Better New York  Published September 27, 2017

 New York City Comptroller Scott M. Stringer released a statement asserting the harm eliminating State and Local Tax Deductibility would have on every day New Yorkers. Published June 7, 2017

Read the report released by National Association of Counties (NACo) on State and Local Tax Deduction. Published July 2017 

Read New York Comptroller Thomas DiNapoli's report on the impacts of SALT elimination. Published July 2017

The National Association of Counties (NACo) published an article expressing their support of State and Local Tax Deductibility. Published September 21, 2017

Click here to read Americans Against Double Taxation's statement on State and Local Tax Deduction. Published September 27, 2017

The Business Council of New York's statement on the proposed tax reform plan can be read herePublished September 27, 2017

The United States Conference of Mayors released a statement urging Congress to preserve State and Local Tax Deductions. Click here to read the statement. Published September 27, 2017

Statement from New York Building Congress on Trump's Proposal to Eliminate the Federal Deduction for State and Local Property Taxes:
“The proposal to eliminate the federal deduction for state and local property taxes must be considered a non-starter for every one of New York State’s elected representatives in Congress. As has been well-documented for decades, New York already sends billions more in tax dollars to Washington each year than it gets back, and this proposal would only exacerbate this disparity. In addition to being a simple matter of fairness, this provision would be crippling to the middle class, sharply decrease our competitiveness as a city and state, and do considerable harm to the national economy by robbing New York City of the funding it needs to invest in its infrastructure and other vital services.” Published September 28, 2017

Click here to read the Rockefeller Institute's report on New York's balance of payments with the federal government.  Published September 28, 2017

Read Real Estate Board of New York (REBNY)'s press release regarding the GOP tax reform plan. Published September 28, 2017