The New SALT Write-Off Applies This Year – Who Gets It?
Federal deductibility of state and local taxes, aka "SALT," were a sticking point in the federal reconciliation package. Now that it has passed, how big an effect will the change create? NACo staff presented their analysis of the federal reconciliation legislation at this week's meeting of the MACo Legislative Committee, sharing insight into the many policy and fiscal changes encompassed in the so-called "big beautiful bill." Among the elements that caught much attention was a…