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HR 4789 115th Congress House Taxation Income tax deductions Property tax State and local taxation

Cutting Local Taxes by Reinstating SALT Act

Introduced: January 12, 2018 Introduced by: Gottheimer, Josh Democratic · New Jersey See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2018
Referred to the House Committee on Ways and Means.
Jan 12, 2018
Introduced in House
 Plain-English summary Congressional Research Service

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.)

What's happening now January 12, 2018

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1