To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes.
USA115th CongressHR-4740| House
| Updated: 1/8/2018
Nita M. Lowey
Democratic Representative
New York
Cosponsors (1)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act This bill amends the Internal Revenue Code to repeal the limitation on individual deductions for certain state and local taxes. (For tax years 2018-2025, the deduction for certain state and local taxes is currently limited to $10,000 per year for individuals or $5,000 for married individuals filing a separate return.)
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Income tax deductionsProperty taxState and local taxation
To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes.
USA115th CongressHR-4740| House
| Updated: 1/8/2018
Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act This bill amends the Internal Revenue Code to repeal the limitation on individual deductions for certain state and local taxes. (For tax years 2018-2025, the deduction for certain state and local taxes is currently limited to $10,000 per year for individuals or $5,000 for married individuals filing a separate return.)
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Nita M. Lowey
Democratic Representative
New York
Cosponsors (1)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Income tax deductionsProperty taxState and local taxation