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- H.R.4740
H.R.4740: SALT Deductibility Act
About This Bill
- Introduced Jan. 8, 2018
- Latest Major Action Jan. 8, 2018
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Jan. 8, 2018
Bill Summary
Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act This bill amends the Internal Revenue Code to repeal the limitation on individual deductions for certain state and local taxes. (For tax years 2018-2025, the deduction for certain state and local taxes is currently limited to $10,000 per year for individuals or $5,000 for married individuals filing a separate return.)
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 8, 2018 |
Referred to the House Committee on Ways and Means.
|
Jan. 8, 2018 |
Introduced in the House by Nita M. Lowey (D-N.Y.) |