From the Morning Memo:

Suffolk County Executive Steve Bellone today will unveil a five-point plan meant to curb the effect of the $10,000 cap on state and local tax deductions for suburban property owners.

The push is meant to provide a restoration of tax deductibility for homeowners on Long Island, where the cap is having an impact.

The actions include the creation of a charitable reserve fund for taxpayers to contribute to and ultimately seek a deduction.

At the same time, Bellone wants to bolster the Long Island housing market by allowing student loan debt repayment to be considered part of a household’s income when determining eligibility for housing, while also proposing a reduction and freeze in mortgage fees.

Other efforts include launching a website to provide information on the deduction cap, an economic study of the effects of the $10,000 limit and a renewed effort on the federal level to repeal the provision.

Bellone last year announced the formation of coalition of suburban county executives pushing for a repeal of the SALT cap, which was part of the 2017 tax overhaul.