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H.R. 4789

Cutting Local Taxes by Reinstating SALT Act

Cutting Local Taxes by Reinstating SALT 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.)

Referred to the House Committee on Ways and Means.

Rep. Gottheimer, Josh [D-NJ-5](D-NJ)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions2related bills3subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Cutting Local Taxes by Reinstating SALT Act — Informed