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New Jersey governor signs bill to bypass SALT cap on small business

JANUARY 15, 2020 | by Michael Cohn | ACCOUNTING TODAY

By Michael Cohn, includes “New Jersey Governor Phil Murphy signed legislation Monday giving small businesses in the Garden State a workaround for the $10,000 cap on state and local tax deductions under the Tax Cuts and Jobs Act. … The New Jersey Society of CPAs applauded the legislation. …”

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