Moylan-Backed Bill to Offset Federal Tax Increase Passes House

SPRINGFIELD, Ill. – State Rep. Marty Moylan, D-Des Plains, voted to pass bipartisan legislation ensuring middle-class families in Illinois do not see higher taxes as a result of Washington’s tax scheme.

“Republicans in Washington are selling out middle class families in Illinois by putting caps on property tax and state tax deductions,” Moylan said. “Our tax laws should put hardworking people ahead of corporations. This bill we passed will help do just that.”

House Bill 4237 protects Illinois’ families from paying more in taxes as a result of changes at the federal level, including the capping of a key deduction that offsets the cost of property taxes. The State and Local Tax (SALT) deduction is now limited to $10,000. The Moylan-backed measure offsets the cap by creating charitable funds that homeowners can write a check for their property taxes to, allowing them to continue to claim a full deduction.

“Many Illinois residents depend on tax deductions to keep their liabilities manageable,” Moylan said. “Since the federal government would rather help their donors instead of their constituents, I have no problem stepping in to pass a law that screws the Federal Government in favor of the taxpayers.”