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115-hr-4803115th Congress

SALT Prepayment Deductibility Act

Sponsored By: Representative Lance, Leonard [R-NJ-7]

Unknown

Summary

SALT Prepayment Deductibility Act This bill specifies that, for the purpose of the federal tax deduction for certain state and local taxes, amounts paid in 2017 for real property taxes assessed for 2018 must be treated as paid or accrued within 2017. (Under current law, individual deductions for certain state and local taxes are limited during 2018-2025 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

Lance, Leonard [R-NJ-7]

NJ • R

Cosponsors

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 1/16/2018

  • Rep. Smith, Christopher H. [R-NJ-4]

    NJ • R

    Sponsored 1/16/2018

  • RODNEY FRELINGHUYSEN

    NJ • R

    Sponsored 1/16/2018

  • FRANK LOBIONDO

    NJ • R

    Sponsored 1/16/2018

  • Rep. Stefanik, Elise M. [R-NY-21]

    NY • R

    Sponsored 1/16/2018

  • PETER KING

    NY • R

    Sponsored 1/16/2018

  • Rep. Zeldin, Lee M. [R-NY-1]

    NY • R

    Sponsored 1/16/2018

  • Rep. Faso, John J. [R-NY-19]

    NY • R

    Sponsored 1/16/2018

  • Rep. Donovan, Daniel M., Jr. [R-NY-11]

    NY • R

    Sponsored 1/16/2018

  • Rep. Hultgren, Randy [R-IL-14]

    IL • R

    Sponsored 1/29/2018

  • Rep. Raskin, Jamie [D-MD-8]

    MD • D

    Sponsored 1/29/2018

  • Rep. McCollum, Betty [D-MN-4]

    MN • D

    Sponsored 1/29/2018

  • Rep. Ruppersberger, C. A. Dutch [D-MD-2]

    MD • D

    Sponsored 2/7/2018

  • Rep. Garamendi, John [D-CA-8]

    CA • D

    Sponsored 2/7/2018

Roll Call Votes

No roll call votes available for this bill.

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