Tuesday, July 17, 2018
States Sue IRS, Treasury To Strike Down SALT Cap Under New Tax Law
In the days following tax reform, leaders in some states complained loudly about feeling targeted by deduction caps imposed on state and local taxes (SALT). Now they've taken action. Today, four states (Connecticut, Maryland, New Jersey, and New York) ... States challenge federal deductions cap on state and local taxesThe Hill New York and three other states claim Trump tax law is unconstitutionalCNN States sue US to void state and local tax deduction capReuters Bloomberg -National Review -CNBC -NJ.com
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