Bill > SCR80

This Concurrent Resolution urges Hawaii's representatives in the U.S. Congress to introduce and support legislation that would eliminate the $10,000 limit on the deduction for state and local taxes, known as the SALT cap. This limitation was part of the federal Tax Cuts and Jobs Act of 2017 and, according to the resolution, has led to increased deficits in states, reduced after-tax income for taxpayers causing financial hardship and decreased consumer spending, and disproportionately affected Hawaii residents due to the state's tax rates and cost of living. The resolution highlights that the SALT cap does not account for factors like inflation or marital status and that the working people of Hawaii are in urgent need of tax relief.