New Jersey Rep. Tom MacArthur Wants Cap on Property Tax Deduction Lifted in Tax BillA key Republican lawmaker said Thursday that he wants to lift the new tax bill's cap on property...Lawler, Joseph
Image Credit:humonia/iStock/Getty Images Besides federal income taxes, most people must pay some form of state or local tax, whether it's a sales tax, state income tax or property taxes. In New Jersey, one form of tax is the exit tax, which applies solely to certain residents and nonr...
N.J., Tuesday, Nov. 5, 2019. Residents of New Jersey's second-largest city will decide Tuesday whether its increasing popularity as an affordable short-term rental option across the river from New York City has reached the point where restrictions are needed to rein in some...
Gregory Myhre have requested to be added as co-sponsors to legislation that proposes to increase the veterans’ property tax deduction from $250 to $2,500 over a span of four years. Read on... O’Scanlon, Scharfenberger & Flynn Call for Special Hearing to Address New Jersey Transit ...
tax Florida gained $39.2 billion—up from $23.7 billion in 2020 and $17.7 billion in 2019. About $9.8 billion of the total arrived from New York, $3.9 billion from Illinois, $3.7 billion from New Jersey and $3.5 billion from California. Texas was another winner, attracting a net $10.9 ...
will be reduced to cover the state’s budget shortfalls. New Yorkers would likely be much more tolerable of an estate tax increase than an increase to income or property taxes especially in light of the federal income tax treatment of the SALT deduction already increasing many New Yorkers ...
3 As a result, SALT payments in excess of the SALT cap are not deductible on the federal income tax return, Form 1040, and thus provide no benefit to an affected taxpayer. Notably, the SALT limitation does not apply to real and personal property taxes paid or accrued in carrying on a ...
The exporter parent corporation pays an annual, tax-deductible commission on its export sales to the IC-DISC (the commission deduction could yield a tax benefit as high as 35 percent). The allowable commission rate is either 50 percent of export net income or 4 percent of gross export incom...
the receipt of consideration by a fiduciary for his or her own account from any party dealing with the plan in a transaction that involves plan income or assets; the sale, exchange, or lease of property between a plan and a disqualified person; lending money or extending credit between a ...
New Jersey Real Property Law, Bluebook (Pub. #20028) – The Bluebook contains relevant state statutes including adverse possession, insurance, fraud, professions and occupations, real property, trade practices, plus the select administrative code sections addressing insurance and law & public safety....