Bill115th CongressFiled Jan 8, 2018Taxation
H.R. 4740
SALT Deductibility Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jan 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.)
What just happenedJan 8, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Lowey, Nita M. [D-NY-17](D-NY)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions1related bills3subjects
- Introduced in HouseJan 8, 2018
- Jan 8, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 8, 2018IntroReferralIntro-H
Introduced in House
- Jan 8, 2018IntroReferral1000
Introduced in House