US HB4803 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 10-5)
Status: Introduced on January 16 2018 - 25% progression, died in committee
Action: 2018-01-16 - 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 16 2018 - 25% progression, died in committee
Action: 2018-01-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
SALT Prepayment Deductibility Act This bill specifies that, for the purpose of the federal tax deduction for certain state and local taxes, amounts paid in 2017 for real property taxes assessed for 2018 must be treated as paid or accrued within 2017. (Under current law, individual deductions for certain state and local taxes are limited during 2018-2025 to $10,000 per year for individuals or $5,000 for married individuals filing a separate return.)
Title
SALT Prepayment Deductibility Act
Sponsors
Rep. Leonard Lance [R-NJ] | Rep. Josh Gottheimer [D-NJ] | Rep. Christopher Smith [R-NJ] | Rep. Rodney Frelinghuysen [R-NJ] |
Rep. Frank LoBiondo [R-NJ] | Rep. Elise Stefanik [R-NY] | Rep. Peter King [R-NY] | Rep. Lee Zeldin [R-NY] |
Rep. John Faso [R-NY] | Rep. Daniel Donovan [R-NY] | Rep. Randy Hultgren [R-IL] | Rep. Jamie Raskin [D-MD] |
Rep. Betty McCollum [D-MN] | Rep. C.A. Ruppersberger [D-MD] | Rep. John Garamendi [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2018-01-16 | House | Referred to the House Committee on Ways and Means. |
2018-01-16 | House | Introduced in House |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/4803/all-info |
Text | https://www.congress.gov/115/bills/hr4803/BILLS-115hr4803ih.pdf |