The Sarlo-Oroho NJ Transportation Trust Fund Plan will not only provide much needed funding to the state’s nearly bankrupt TTF but it will also provide an income-tax deduction for charitable contributions.
“Right now, New Jersey does not permit taxpayers to take a deduction for charitable contributions, which is something that the federal government does allow. A measure backed by leading Republicans in the state Senate would create a new state income-tax deduction for contributions made to charities, but it would limit the tax break to contributions made only to charities based in New Jersey… The Sarlo-Oroho plan calls for a new charitable deduction category that would be further restricted to just social-service charities like homeless shelters and food banks…”
John Reitmeyer, NJ Spotlight
This is bipartisanship at its best – finding compromise and common ground for the greater good. Click here to read more about the Sarlo-Oroho TTF Plan and how it will rescue the nearly-bankrupt Transportation Trust Fund.
