Bill
Bill > S85
summary
Introduced
01/28/2021
01/28/2021
In Committee
01/28/2021
01/28/2021
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 the deduction for certain taxes, includ- ing State and local property and income taxes.
AI Summary
This bill, the Securing Access to Lower Taxes by ensuring Deductibility Act (or SALT Deductibility Act), proposes to amend the Internal Revenue Code of 1986 to repeal the current limitation on the deduction for certain taxes, including state and local property and income taxes. The bill would apply to taxable years beginning after December 31, 2020, effectively restoring the full deductibility of these state and local taxes for federal income tax purposes.
Committee Categories
Budget and Finance
Sponsors (13)
Chuck Schumer (D)*,
Richard Blumenthal (D),
Cory Booker (D),
Ben Cardin (D),
Tammy Duckworth (D),
Dick Durbin (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Patrick Leahy (D),
Bob Menendez (D),
Chris Murphy (D),
Chris Van Hollen (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (text: CR S200) (on 01/28/2021)
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/senate-bill/85/all-info |
| BillText | https://www.congress.gov/117/bills/s85/BILLS-117s85is.pdf |
| Bill | https://www.congress.gov/117/bills/s85/BILLS-117s85is.pdf.pdf |
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