HOUSE 3098118th CongressReferred to the House Committee on Ways and Means.

SALT Fairness and Deficit Reduction Act

Last Action: 5/5/2023

Actions

2023-05-05Referred to the House Committee on Ways and Means.
2023-05-05Introduced in House
2023-05-05Introduced in House

CRS Summary

As of 2023-05-05 (00)

SALT Fairness and Deficit Reduction Act

This bill increases the limitation on the tax deduction for state and local taxes to $60,000 (the limit is currently $10,000 for individual taxpayers). The bill also requires an annual inflation adjustment to the increased amount beginning after 2023, and extends through 2032 the period during which the limitation is in effect.

Cosponsors (3)

Anthony D'Esposito (R-NY)
Michael Lawler (R-NY)
Mike Garcia (R-CA)

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