4740 -- SALT Deductibility Act | Poliscope

SALT Deductibility Act

4740

115th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

January 8, 2018

Latest Action

January 8, 2018

Primary Sponsor

Nita M. LoweyDemocratic(NY)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 7,393 other HR bills in the 115th — cohort avg 50d

Summary

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.)