Sentences with phrase «approved federal cap»

The proposal would either replace or exist alongside the current personal income tax as a workaround to a newly approved federal cap on state and local tax deductions.

Not exact matches

Cuomo's payroll tax was unveiled this week and is meant to act as a workaround for the federal cap on state and local tax deductions set at $ 10,000, part of the December tax law approved by Congress.
But Cuomo wants to change that as a response to the cap on state and local tax deductions, now at $ 10,000, in the federal tax law approved in December.
The federal government also says that while the state and the Oneidas have agreed that the Oneidas will cap their trust land at 25,000 acres of land, the federal government could approve more if the Oneidas applied for it.
Adding to the problems is a $ 10,000 cap on state and local tax deductions in a federal tax law approved last month by Congress.
A major priority of the governor's — a workaround for the $ 10,000 federal cap on state and local tax deductions in response to congressional tax reform approved late last year — was also include in the agreement.
The Federal Communications Commission voted Thursday to approve a tax increase that will fund a $ 1.5 billion cap increase for E-Rate.
Digital Promise applauds the Federal Communications Commission's vote today to increase the funding cap by $ 1.5 Demand for these services far exceeds previous funding levels and approving this increase — which amounts to an additional $ 2 per year on Americans» phone bills — will help thousands of schools improve the opportunity to learn for students.
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