A2656 — Increases, from 18 percent to 30 percent, amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments.

A2656 — Increases, from 18 percent to 30 percent, amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments. · Informed CitizenryThis bill increases the percentage of rental payments that can be used to help reduce the amount of federal taxes owed due to local property taxes. Currently, a portion of the rent paid by tenants…Open in Informed Citizenry