Schumer Unveils Effort to Restore NYS' Ability to 'Workaround' Part of Fed Tax Law
July 15, 2019
July 15, 2019
WASHINGTON, July 15 -- Sen. Charles E. Schumer, D-New York, issued the following news release:
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- Senator Will Deploy Special Legislative Power To Overturn IRS Rule & Once Again Make LI'ers Eligible For Full Salt Deduction
- State Had Passed Law To Allow School Districts & Local Governments To Create Charitable Fund In Lieu Of Tax Payments, Which Would Have Allowed Homeowners To Retain Full SALT Deduction, But IRS Swooped In And Used Regs To Sq . . .
* * *
- Senator Will Deploy Special Legislative Power To Overturn IRS Rule & Once Again Make LI'ers Eligible For Full Salt Deduction
- State Had Passed Law To Allow School Districts & Local Governments To Create Charitable Fund In Lieu Of Tax Payments, Which Would Have Allowed Homeowners To Retain Full SALT Deduction, But IRS Swooped In And Used Regs To Sq . . .