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 amends the Property Tax Deduction Act to increase the amount of rent that can be defined as 'rent constituting property taxes' for the purpose of gross income tax deductions. Specifically…Open in Informed Citizenry