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HR 4274 116th Congress House Taxation Capital gains tax Charitable contributions Income tax deductions Property tax State and local taxation Transfer and inheritance taxes

Cutting Local Taxes by Reinstating SALT Act

Introduced: September 10, 2019 Introduced by: Gottheimer, Josh Democratic · New Jersey See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 10, 2019
Referred to the House Committee on Ways and Means.
Sep 10, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

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.)

The bill also (1) limits the amount of the step-up in basis of property acquired from a decedent to $5 million, for estate tax purposes, and (2) treats property contributed by a taxpayer to a private foundation as sold by such taxpayer on the date of such contribution for its fair market value.

What's happening now September 10, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4274: Cutting Local Taxes by Reinstating SALT Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4274/
MLA
"H.R. 4274: Cutting Local Taxes by Reinstating SALT Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4274/.
Bluebook (legal)
H.R. 4274, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4274/.
Markdown link
[H.R. 4274: Cutting Local Taxes by Reinstating SALT Act](https://openamerica.io/bill/116-HR-4274/)
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