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S 804 117th Congress Senate Taxation Income tax deductions State and local taxation

SALT Deduction Fairness Act

Introduced: March 17, 2021 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1616)
Mar 17, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

SALT Deduction Fairness Act

This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.

What's happening now March 17, 2021

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1616)

 Committees of jurisdiction 1