summary
Introduced
01/09/2023
01/09/2023
In Committee
01/09/2023
01/09/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to repeal the limitation on deduction for State and local taxes, and for other purposes.
AI Summary
This bill, the SALT Fairness Act of 2023, proposes to amend the Internal Revenue Code to repeal the $10,000 limitation on the deduction for state and local taxes (SALT). If enacted, this would restore the ability for taxpayers to fully deduct their state and local taxes, which was reduced as part of the 2017 tax reform legislation. The bill would take effect retroactively as if the limitation had never been enacted.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to the House Committee on Ways and Means. (on 01/09/2023)
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/118th-congress/house-bill/160/all-info |
| BillText | https://www.congress.gov/118/bills/hr160/BILLS-118hr160ih.pdf |
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