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]

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.)

Tracking Information

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Title

SALT Prepayment Deductibility Act

Sponsors


History

DateChamberAction
2018-01-16HouseReferred to the House Committee on Ways and Means.
2018-01-16HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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