OMB’s Office of Information and Regulatory Affairs (OIRA) reports that its review of proposed Treasury regulations concerning state and local tax (SALT) credits and charitable contributions was completed on August 17, 2018.
These proposed regulations were sent by the Treasury Department for OIRA review, having been identified as “major” regulations and thus subject to review by OMB’s OIRA before issuance pursuant to Executive Order 13771. Read TaxNewsFlash
The U.S. Treasury Department and IRS will now be expected to release the proposed regulations given that OIRA review was completed (according to information on the OIRA website).
The regulations are identified as: RIN: 1545-BO89 SALT credits and charitable contributions
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