summary
Introduced
01/04/2019
01/04/2019
In Committee
01/04/2019
01/04/2019
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 deduction for State and local taxes, and for other purposes. 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, the SALT Fairness Act of 2019, repeals the limitation on individual tax deductions for certain state and local taxes (SALT). Prior to this bill, for tax years 2018-2025, the deduction for SALT was limited to $10,000 per year for individuals or $5,000 for married individuals filing a separate return. This bill removes that limitation, allowing taxpayers to fully deduct their state and local taxes from their federal income tax.
Committee Categories
Budget and Finance
Sponsors (12)
Peter King (R)*,
Anthony Brindisi (D),
Anna Eshoo (D),
Raja Krishnamoorthi (D),
Zoe Lofgren (D),
Eleanor Holmes Norton (D),
Jimmy Panetta (D),
Katie Porter (D),
Kathleen Rice (D),
Elise Stefanik (R),
Tom Suozzi (D),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Ways and Means. (on 01/04/2019)
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/257/all-info | 01/05/2019 |
| BillText | https://www.congress.gov/116/bills/hr257/BILLS-116hr257ih.pdf | 01/19/2019 |
| Bill | https://www.congress.gov/116/bills/hr257/BILLS-116hr257ih.pdf.pdf | 01/19/2019 |
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