Christie calls for property tax write-off on state returns

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Thursday, December 21, 2017
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Christie calls for property tax write-off on state returns. Jim Gardner reports during Action News at 6 p.m. on December 20, 2017.

TRENTON, N.J. -- Gov. Chris Christie has less than a month in office, but he's proposing allowing New Jersey taxpayers to write off their property taxes on state returns in light of Congress' newly passed tax package.

Christie, a Republican, said Wednesday at a Trenton news conference that his administration estimates the cost would be from $150 million to $170 million.

He stopped short of saying he would push the measure in his remaining time. He leaves office Jan. 16.

The GOP-led Congress on Wednesday passed the $1.5 trillion tax overhaul, sending it to President Donald Trump.

The measure ends the unlimited federal deduction for state and local income and sales taxes, allowing the deduction only up to $10,000.

The change hits New Jersey hard since it has the highest property taxes nationwide.

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