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S. 437

SALT Act

Stop the Attack on Local Taxpayers Act or the SALT Act

This bill amends the Internal Revenue Code to (1) repeal the $10,000 limitation on individual income tax deductions for certain state and local taxes, and (2) increase the top individual income tax rate to 39.6% (currently 37%).

Read twice and referred to the Committee on Finance.

Sen. Menendez, Robert [D-NJ](D-NJ)Sponsor
14 cosponsors14 D
14cosponsors1committees2actions1related bills6subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

SALT Act — Informed