A SALTY Compromise to Consider for Tax Reform

Dear Members of Congress:

As representatives of high-tax states, you are acutely aware of the importance of the state and local tax deduction, otherwise known as the SALT deduction. Unfortunately, your colleagues on the House Ways and Means Committee have proposed the elimination and most recently, capping, of the SALT deduction despite the valiant efforts of many of you to save it or keep it in its current form. In fact, some committee members of low-tax states have openly suggested that the SALT deduction be eliminated to punish states that are operated inefficiently or expensively, without any appreciation of or regard for the extraordinary demands imposed on dense, urbanized states, particularly “blue” states. Likewise, Treasury Secretary Steve Mnuchin’s rationale for eliminating the SALT deduction is that the federal tax code needs to “stop subsidizing states.”Continue Reading An Open Letter to Blue State GOP House Members

It should come as little surprise that as the world becomes ever more interconnected so too does the international investment market. The United States commercial real estate market has been a major beneficiary of foreign investments over the last several years and, in turn, U.S. based sellers, lenders and landlords have had to recalibrate their…

As seen in: The Briefing – (Real Estate NJ’s daily eblast)

A consulting and engineering firm has teamed with a global insurance agency to expand coverage for environmental cleanups, with the goal of spurring remediation at sites that are otherwise seen as too costly or risky for property owners to take on.

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As seen on: The Town Crier
(New Jersey State League of Municipalities' Legislative Blog) 

Our State’s liquor licensing laws date back to the ratification of the Twenty-first Amendment in the 1930’s. The world is a different place. And those laws have tended to stifle competition and to hamstring local economic development options.

New Jersey municipalities…

As seen on:  TapInto.net

It’s taken 30 years for Hoboken and Jersey City to become an overnight success. Newark? Well, we’re still fighting to sustain a renaissance 50 years in the making.

If we’re not careful, we can severely undermine the delicate balance of a market that is still struggling to achieve scale and a…

Also at Council Meeting: Residents Speak about Dry Dock Petition

As seen on:  HudsonReporter.com

The City Council voted Wednesday to amend a longstanding ordinance prohibiting liquor license holders from opening within 500 feet of each other. The new amendment allows plenary retail consumption license holders to open closer together in certain parts of the city.…

And They Could be Coming Just When N.J. Developers Need It the Most

As seen on:  NJBIZ.com

Ted Zangari vividly remembers the reaction of investors and developers when he first started explaining the EB-5 program.

“The entire development community knows about this money source by now,” he said. “But in the early days, as we…

As seen on:  NJSpotlight.com

After decades of listening to restaurateurs gripe about the often prohibitively high cost of a liquor license, New Jersey lawmakers are poised to debate a bill that could dramatically lower their price and increase the quantity available. Since 1947, the state has restricted the number of licenses a municipality can issue,…