Mayor Jonathan Hornik asks Marlboro Council to support legislation allowing property taxes payments as charitable contributions
Marlboro Mayor Jon Hornik
Marlboro Mayor Jonathan Hornik is asking the Township’s Council to support Governor-elect Phil Murphy’s proposal to allow New Jersey residents to make charitable contributions in lieu of property taxes as an end around the tax reform legislation passed by Congress and signed into law by President Trump last year. The new federal tax law limits the deduction for State and Local Taxes (SALT) to $10,000.
Posted: January 11th, 2018 | Author: Art Gallagher | Filed under: Jon Hornik, Marlboro, Monmouth County News, Phil Murphy | Tags: Federal Tax Reform, Governor-elect Phil Murphy, Marlboro Township, Monmouth County News, Phil Murphy, Property taxes as charitable contributions, SALT deduction | 4 Comments »