[Congressional Record Volume 165, Number 198 (Wednesday, December 11, 2019)]
[Extensions of Remarks]
[Pages E1578-E1579]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 12 DAYS OF SALT--DAY 6: NEW JERSEY LEAGUE OF MUNICIPALITIES RESOLUTION

                                  _____
                                 

                          HON. MIKIE SHERRILL

                             of new jersey

                    in the house of representatives

                      Wednesday, December 11, 2019

  Ms. SHERRILL. Madam Speaker, to conclude my earlier remarks on the 12 
Days of SALT, I include in the Record a resolution from the New Jersey 
League of Municipalities urging this Congress to remove the federal cap 
on State and Local Tax deductions.

  New Jersey State League of Municipalities Conference Resolution No. 
                                2019-14


 resolution urging congress to restore the full deductibility of state 
                            and local taxes

       Whereas, our tax obligation is an issue that concerns all 
     residents in every municipality in the state of New Jersey; 
     and
       Whereas, the deduction for state and local taxes (SALT) has 
     been a feature of the tax code for more than l00 years, with 
     the first federal income tax form in 1913 allowing taxpayers 
     to deduct state and local taxes, one of only six deductions 
     allowed at the time, and even the federal Civil War tax in 
     1862 included a deduction for SALT; and
       Whereas, this important provision ensures against double 
     taxation and reflects mandatory tax payments, which support 
     public services that benefit all citizens, such as K-12 
     schools, law enforcement and public safety, transportation 
     and infrastructure, and vital community and public health 
     services; and
       Whereas, the SALT deduction is one of the few provisions in 
     the federal tax code that recognizes the burden placed on 
     states like New Jersey, which provide significantly more in 
     federal tax revenue than they receive back in federal 
     services and grants; and
       Whereas, according to the New Jersey Society of Certified 
     Public Accountants, in 2016 1.8 million, or 40 percent of New 
     Jersey taxpayers, deducted from their federal income tax, 
     their local prope1ty tax and state income taxes, averaging 
     $18,000 per deduction; and
       Whereas, the federal Tax Cuts and Jobs Acts passed in 2017 
     capped the SALT deduction at $10,000; and
       Whereas, many New Jersey Families relied upon the federal 
     SALT deduction to ensure tax fairness, and capping the SALT 
     deduction has placed an unfair burden on New Jersey 
     homeowners; and
       Whereas, the SALT deduction cap present a barrier to 
     affordable homeownership in New Jersey, impacting the ability 
     of new, young families to prosper in the future. Now, 
     therefore, be it
       Resolved, that the New Jersey State League of 
     Municipalities, in conference assembled, urges Congress to 
     restore the full SALT deduction and provide more equitable 
     taxation once again to residents of New Jersey; and be it 
     further
       Resolved, that copies of the resolution be transmitted to 
     our representatives in Congress, the President of the United 
     States, all members of the New Jersey State Legislature, the 
     Lieutenant Governor, and the Governor of the State of New 
     Jersey.

       Sponsor: The Hon. Amalia Duarte, Committee Member, Mendham 
     Twp.
       Co-Sponsor(s): The Hon. Lauren Barnett, Mayor, Mountain 
     Lakes; The Hon. Robert Connelly, Mayor, Madison; The Hon. 
     Cathy Wilson, Deputy Mayor, Morris Twp.; The Hon. Paul 
     Tomasko, Mayor, Alpine; The Hon. Nora Radest, Mayor, Summit; 
     The Hon. Jeff Grayzel, Mayor, Morris Twp.

[[Page E1579]]

  

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