US HB4740 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 8 2018 - 25% progression, died in committee
Action: 2018-01-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2018 - 25% progression, died in committee
Action: 2018-01-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
SALT Deductibility Act Securing Access to Lower Taxes by ensuring Deductibility Act 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.)
Title
SALT Deductibility Act Securing Access to Lower Taxes by ensuring Deductibility Act
Sponsors
| Rep. Nita Lowey [D-NY] | Rep. Peter King [R-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-01-08 | House | Referred to the House Committee on Ways and Means. |
| 2018-01-08 | House | Introduced in House |
Same As/Similar To
HB4789 (Related) 2018-01-12 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/4740/all-info |
| Text | https://www.congress.gov/115/bills/hr4740/BILLS-115hr4740ih.pdf |
