118th Congress Taxation
H.R. 3098: SALT Fairness and Deficit Reduction Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill increases the limitation on the tax deduction for state and local taxes to $60,000 (the limit is currently $10,000 for individual taxpayers). The bill also requires an annual inflation adjustment to the increased amount beginning after 2023, and extends through 2032 the period during which the limitation is in effect.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Anthony D'Esposito R-NY
- Michael Lawler R-NY
- Mike Garcia R-CA
Who scored on this bill
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Other bills by Nicolas LaLota
History
- Introduced in the House by Nicolas LaLota.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.