Bill117th CongressFiled Mar 17, 2021Taxation
S. 804
SALT Deduction Fairness Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 17, 2021)
SALT Deduction Fairness Act
This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.
What just happenedMar 17, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1616)
Who’s behind it
Sen. Collins, Susan M. [R-ME](R-ME)Sponsor
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- Introduced in SenateMar 17, 2021
- Mar 17, 2021IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1616)
Finance Committee - Mar 17, 2021IntroReferral10000
Introduced in Senate