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Bill > SR73


HI SR73

HI SR73
Urging Hawaii's Congressional Delegation To Introduce And Support Legislation That Would Repeal The $10,000 Limitation On The Deduction For State And Local Taxes Enacted By The Federal Tax Cuts And Jobs Act Of 2017.


summary

Introduced
03/10/2022
In Committee
03/11/2022
Crossed Over
Passed
Dead
05/05/2022

Introduced Session

2021 Regular Session

Bill Summary

RESOLUTION Urging Hawaii's congressional delegation to introduce AND SUPPORT legislation that would repeal THE $10,000 limitation on the deduction for state and local taxes enacted by the federal tax cuts and jobs act of 2017. .

AI Summary

This 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 (SALT cap). This limitation was part of the federal Tax Cuts and Jobs Act of 2017 and, according to the Resolution, is causing financial hardship for Hawaii residents by reducing their after-tax income, negatively impacting the state's economy, and disproportionately affecting Hawaii due to its cost of living. The Resolution highlights that the SALT cap does not consider factors like inflation or marital status and that the working people of Hawaii are in need of tax relief.

Committee Categories

Agriculture and Natural Resources, Government Affairs, Health and Social Services

Sponsors (1)

Last Action

Referred to PSM, WAM. (on 03/11/2022)

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