House Bill 4740
115th Congress(2017-2018)
SALT Deductibility Act
Introduced
Introduced in House on Jan 8, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4740
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this 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.)
January 8, 2018
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01/08/2018
Referred to the House Committee on Ways and Means.
01/08/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:02 PM