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

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Plain-English summary Congressional Research Service

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 February 11, 2019

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version