Bill118th CongressFiled May 5, 2023Taxation
H.R. 3098
SALT Fairness and Deficit Reduction Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 5, 2023)
SALT Fairness and Deficit Reduction Act
This bill increases the limitation on the tax deduction for state and local taxes to $60,000 (the limit is currently $10,000 for individual taxpayers). The bill also requires an annual inflation adjustment to the increased amount beginning after 2023, and extends through 2032 the period during which the limitation is in effect.
What just happenedMay 5, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. LaLota, Nick [R-NY-1](R-NY)Sponsor
3 cosponsors3 R
3cosponsors1committees3actions1related bills
- Introduced in HouseMay 5, 2023
- May 5, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 5, 2023IntroReferralIntro-H
Introduced in House
- May 5, 2023IntroReferral1000
Introduced in House