summary
Introduced
01/05/2021
01/05/2021
In Committee
01/05/2021
01/05/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to repeal the limitation on deduction for State and local taxes, and for other purposes.
AI Summary
This bill, known as the SALT Fairness Act of 2021, aims to repeal the limitation on the deduction for state and local taxes (SALT) that was implemented as part of the 2017 tax reform law. The bill proposes to amend the Internal Revenue Code to remove the $10,000 cap on the SALT deduction, which had significantly impacted taxpayers in high-tax states. If passed, this legislation would restore the ability of individuals to fully deduct their state and local tax payments on their federal income tax returns.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to the House Committee on Ways and Means. (on 01/05/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/202/all-info |
| BillText | https://www.congress.gov/117/bills/hr202/BILLS-117hr202ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr202/BILLS-117hr202ih.pdf.pdf |
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