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For decades, Long Island homeowners have relied on the ability to deduct their full state and local taxes (SALT) on their federal tax returns. Now as homeowners begin to file their taxes, thousands of working and middle class Long Islanders are being blindsided with what is amounting to a massive tax increase.

In response, Suffolk County Executive Steve Bellone has launched a comprehensive action plan to protect homeowners who will be negatively impacted by the new federal tax law that unfairly repeals these critical deductions. The SALT Cap Response Plan will help restore tax deductibility for affected homeowners and ease their financial burden as a result of this costly impact.

Establishing a County Charitable Gift Reserve Fund. 

In order to mitigate the unfair and negative consequences of the lost tax deduction, County Executive Bellone has introduced a resolution to establish a charitable gift reserve fund and to authorize charitable gift reserve fund tax credits. This would authorize any owner of real property located within the County to make a contribution to the Suffolk County Charitable Gift Reserve Fund and claim credit against such property taxes equal to 95 percent of that contribution. The County resolution complies with Governor Cuomo’s New York State-passed provision to allow taxpayers to make a voluntary charitable contribution to a charitable gift reserve fund, so long as such fund is established by a given local government.

But we can’t stop there.

Homeowners all across Long Island are joining together to call on Washington to take action by restoring these vital tax deductions and ending the assault on middle class homeowners. Sign our petition now and join thousands of New Yorkers who are fighting back against this massive tax increase. Later this year, the County Executive will be traveling to Washington, DC to meet with federal officials and policy makers to advocate for the restoration of these vital deductions and will submit these signatures on behalf of all Long Islanders.