Urges federal government to repeal state and local tax deduction caps.

SR 61 is a New Jersey Senate resolution urging the federal government to repeal the $10,000 cap on state and local tax (SALT) deductions established by the 2017 Tax Cuts and Jobs Act. It specifically targets New Jersey residents who itemize federal tax returns - historically 41% of filers - who face high property taxes (averaging $9,112 in 2020) made more burdensome by the cap. The resolution argues repealing the cap would provide financial relief, particularly amid pandemic-related economic struggles, and aligns with New Jersey’s status as a "donor state" paying more in federal taxes than it receives.