HR7561119th CongressWALLET

Local Infrastructure Tax Cuts Act

Sponsored By: Representative Rep. Stevens, Haley M. [D-MI-11]

Introduced

Summary

Restricts SALT deductions by income. The bill would replace the current SALT cap with a sliding limit based on filing status and modified adjusted gross income (MAGI). It would also create a separate deduction for special assessment property taxes used to fund community infrastructure.

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  • Higher-income taxpayers would get no SALT deduction once they exceed certain MAGI thresholds. For example, joint filers above $215,000 MAGI would face a $0 SALT deduction.
  • Most other taxpayers would face a fixed cap: $10,000 for most filers and $5,000 for married taxpayers filing separately. Those dollar amounts would be adjusted for inflation after 2027.
  • Homeowners in special assessment districts could deduct qualified special assessment taxes paid on their principal residence when those taxes fund projects like roads, utilities, schools, hospitals, or dam restoration. That deduction would count toward the overall SALT limitation.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Deduction for community special assessments

If enacted, you would be able to deduct certain special assessment taxes you paid on your main home. The tax must be a special assessment on property inside a designated district and must fund a community infrastructure project that directly benefits your property. Qualifying projects would include transportation, schools, hospitals, police and fire facilities, utility projects (water, wastewater, stormwater, telecom, electric, gas), and dam restoration when owned by a government or a not-for-profit, member-owned utility. The deduction would apply only to your principal residence and would count toward the overall limit on itemized deductions; it would take effect for tax years beginning after December 31, 2026.

Limits on state and local tax deduction

If enacted, your state and local tax (SALT) deduction would be limited by your income and filing status. Most taxpayers would be capped at $10,000, and married taxpayers filing separately would be capped at $5,000. If your modified adjusted gross income (MAGI) is above the bill's cutoff you would get a $0 SALT deduction; the cutoffs are $215,000 for joint filers, $161,250 for head-of-household filers, and $107,500 for other filers. These dollar limits would be adjusted for inflation for tax years starting after 2027, and the rules would apply to tax years beginning after December 31, 2026.

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Sponsors & CoSponsors

Sponsor

Rep. Stevens, Haley M. [D-MI-11]

MI • D

Cosponsors

  • Rep. Dingell, Debbie [D-MI-6]

    MI • D

    Sponsored 2/12/2026

  • Rep. Scholten, Hillary J. [D-MI-3]

    MI • D

    Sponsored 2/12/2026

  • McDonald Rivet

    MI • D

    Sponsored 2/12/2026

Roll Call Votes

No roll call votes available for this bill.

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