S166 — Increases from $10,000 to $17,500 maximum allowable property tax deduction under gross income tax over three years.

S166 — Increases from $10,000 to $17,500 maximum allowable property tax deduction under gross income tax over three years. · Informed CitizenryThis bill increases the maximum property tax deduction allowed under the New Jersey Gross Income Tax Act. The bill establishes a three-year schedule to increase the deduction cap from $10,000 to $1…Open in Informed Citizenry