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115-hr-4740115th Congress

SALT Deductibility Act

Sponsored By: Representative NITA LOWEY

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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.)

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

NITA LOWEY

NY • D

Cosponsors

  • PETER KING

    NY • R

    Sponsored 1/8/2018

Roll Call Votes

No roll call votes available for this bill.

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