S.85: Securing Access to Lower Taxes by ensuring Deductibility Act

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Introduced Jan. 28, 2021
Latest Major Action Jan. 28, 2021

Bill Sponsor

Charles E. Schumer (D-N.Y.)

Bill Cosponsors

12 (All Democrats)

Ron Wyden (D-Ore.)
Robert Menendez (D-N.J.)
Kirsten E. Gillibrand (D-N.Y.)
Cory Booker (D-N.J.)
Richard J. Durbin (D-Ill.)
Tammy Duckworth (D-Ill.)
Richard Blumenthal (D-Conn.)
Benjamin L. Cardin (D-Md.)
Patrick J. Leahy (D-Vt.)
Christopher S. Murphy (D-Conn.)
Chris Van Hollen (D-Md.)
Dianne Feinstein (D-Calif.)

Bill Version

Introduced in Senate - Jan. 28, 2021

Bill Summary

Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act This bill repeals the temporary restrictions in taxable years 2018 through 2025 on the deductibility of state and local taxes.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.85.

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Bill Actions

Date	Description
Jan. 28, 2021	Read twice and referred to the Committee on Finance. (text: CR S200)
Jan. 28, 2021	Introduced in the Senate by Charles E. Schumer (D-N.Y.)

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