Bill
Bill > HR6049
US HR6049
US HR6049To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for State and local taxes, etc.
summary
Introduced
11/18/2021
11/18/2021
In Committee
11/18/2021
11/18/2021
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 modify the limitation on the deduction for State and local taxes, etc.
AI Summary
This bill amends the Internal Revenue Code of 1986 to modify the limitation on the deduction for state and local taxes (SALT). Specifically, it extends the $10,000 ($5,000 for married individuals filing separately) SALT deduction cap until 2032, up from the current expiration date of 2026. It also increases the SALT deduction limit to $80,000 ($40,000 for estates, trusts, or married individuals filing separately) for tax years 2021 through 2030. The bill also grants the Secretary of the Treasury authority to prescribe regulations or guidance to prevent the avoidance of these SALT deduction limitations.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 11/18/2021)
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/6049/all-info |
| BillText | https://www.congress.gov/117/bills/hr6049/BILLS-117hr6049ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr6049/BILLS-117hr6049ih.pdf.pdf |
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