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HI HR102

HI HR102
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
03/11/2022
In Committee
04/07/2022
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
04/07/2022

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 congressional delegation to introduce and support legislation that would repeal the $10,000 limitation on the deduction for state and local taxes, commonly known as the SALT cap, which was enacted by the federal Tax Cuts and Jobs Act of 2017. The resolution explains that this cap, a significant change to federal tax law, has led to increased state deficits, reduced after-tax income for taxpayers, and disproportionately harmed Hawaii residents due to the state's higher cost of living and tax rates, without accounting for factors like inflation or marital status, and that this tax relief is desperately needed by working people.

Committee Categories

Agriculture and Natural Resources, Budget and Finance, Business and Industry

Sponsors (18)

Last Action

Resolution adopted in final form. (on 04/07/2022)

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