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US HR188
US HR188SALT Deductibility Act Securing Access to Lower Taxes by ensuring Deductibility Act
summary
Introduced
01/03/2019
01/03/2019
In Committee
01/03/2019
01/03/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes. This bill repeals the limitation on individual tax 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.)
AI Summary
This bill, titled the "SALT Deductibility Act" or the "Securing Access to Lower Taxes by Ensuring Deductibility Act," proposes to repeal the current limitation on the deduction for certain state and local taxes, including property and income taxes. Prior to this bill, individuals could only deduct up to $10,000 (or $5,000 for married filing separately) of these state and local taxes. If passed, this bill would remove that cap, allowing taxpayers to deduct the full amount of their state and local taxes on their federal income tax return.
Committee Categories
Budget and Finance
Sponsors (17)
Nita Lowey (D)*,
Antonio Delgado (D),
Anna Eshoo (D),
Peter King (R),
Mike Levin (D),
Carolyn Maloney (D),
Donald Norcross (D),
Eleanor Holmes Norton (D),
Katie Porter (D),
Max Rose (D),
Brad Schneider (D),
Kim Schrier (D),
Mikie Sherrill (D),
Chris Smith (R),
Elise Stefanik (R),
Tom Suozzi (D),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Ways and Means. (on 01/03/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/188/all-info | 01/05/2019 |
| BillText | https://www.congress.gov/116/bills/hr188/BILLS-116hr188ih.pdf | 01/17/2019 |
| Bill | https://www.congress.gov/116/bills/hr188/BILLS-116hr188ih.pdf.pdf | 01/17/2019 |
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