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NJ Senate Passes Charity Donations Bill To Fight SALT Cap

Law360 (February 26, 2018, 7:35 PM EST) -- The New Jersey Senate passed a bill Monday that would allow for property tax credits for making certain qualified charitable donations on behalf of real property, a rebuke to the Tax Cuts and Jobs Act, P.L. 115-97, which limited the total state and local tax deduction to $10,000.

Senate bill 2018 NJ S.B. 1893, introduced on Feb. 15 by state Sen. Paul Sarlo, D-Wood-Ridge, passed the New Jersey Senate in a 28-9 vote, with an identical bill, 2018 NJ A.B. 3499, to be taken up by...
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