summary
Introduced
05/22/2018
05/22/2018
In Committee
05/22/2018
05/22/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Family Tax Deduction Improvement Act This bill amends the Internal Revenue Code to modify the limit on individual deductions for certain state and local taxes, which is currently $10,000 per year ($5,000 for a married taxpayer filing a separate return). The bill doubles the limit for married individuals and requires the limit to be adjusted for inflation after 2019.
AI Summary
This bill amends the Internal Revenue Code to modify the limit on individual deductions for certain state and local taxes (SALT). Currently, the limit is $10,000 per year ($5,000 for a married taxpayer filing a separate return). The bill doubles the limit for married individuals, making it $20,000, and requires the limit to be adjusted for inflation after 2019.
Committee Categories
Budget and Finance
Sponsors (6)
Thomas MacArthur (R)*,
Brian Fitzpatrick (R),
Randy Hultgren (R),
John Katko (R),
Stephen Knight (R),
Mimi Walters (R),
Last Action
Referred to the House Committee on Ways and Means. (on 05/22/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/5913/all-info |
| BillText | https://www.congress.gov/115/bills/hr5913/BILLS-115hr5913ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr5913/BILLS-115hr5913ih.pdf.pdf |
Loading...