Four States Challenge the Cap on SALT Deductions

摘要

The attorneys general of New York, Connecticut, New Jersey, and Maryland have filed a complaint in New York v. Mnuchin, challenging the constitutionality of the $10,000 cap on the deduction for state and local taxes established the Tax Cut and Jobs Act of 2017. This article considers the most important of the states' claims and concludes that none of them is convincing.