S 437
116th Congress
Senate
Taxation
Income tax deductions
Income tax rates
Inflation and prices
Property tax
Sales and excise taxes
State and local taxation
SALT Act
Introduced: February 11, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2019
Read twice and referred to the Committee on Finance.
Feb 11, 2019
Introduced in Senate
Plain-English summary
Stop the Attack on Local Taxpayers Act or the SALT Act
This bill amends the Internal Revenue Code to (1) repeal the $10,000 limitation on individual income tax deductions for certain state and local taxes, and (2) increase the top individual income tax rate to 39.6% (currently 37%).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1