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The original item was published from 1/15/2021 11:54:36 AM to 2/7/2021 12:00:00 AM.

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News & Town Board Reports (gblist)

Posted on: January 15, 2021

[ARCHIVED] good news distraction: Property tax deductions could be restored!

Thank you, Senator Schumer! A high priority of the Senator is to restore the tax deductions. Remember the long lines in 2017 when taxpayers in Greenburgh prepaid their 2018 taxes to get the deduction which President Trump eliminated?

A good news distraction from Covid-10  Tax deductions could be restored now that  Senator Chuck Schumer is Majority Leader

An article in the NY Times on Sunday January 10, 2021 (page 21) mentioned that  the state could get some relief from the SALT cap. The tax cap was passed as part of President Trumps 2017 tax reform bill. NYS has some of the highest property taxes in the country and the cap limited how much could be written off.

The Senator said "he wants it dead, gone and buried. He echoed that on Thursday, calling its repeal a very high priority."

Remember December, 2017 when Greenburgh taxpayers prepaid their 2018 town taxes so taxpayers could save money and keep the deduction. This is a link to a CNBC story highlighting what the Greenburgh Town Board did to help taxpayers save money by prepaying their taxes. We were the first community to push to allow prepayment of taxes --and our efforts, at the time, received national attention.

https://www.cnbc.com/video/2017/12/28/the-pros-and-cons-of-prepaying-property-taxes.html


I will be reaching out to our Congressional delegation asking what the town and other local governments can do to help them succeed in restoring the tax deduction.  


As you will note from the video - the lines to prepay taxes at Greenburgh Town Hall in 2017 have only been matched by the lines to vote in last years Presidential election. 

PAUL FEINER

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