Cutting Local Taxes by Reinstating SALT 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.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-01-12 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2018-01-12 | IntroReferral | Introduced in House | Library of Congress |