US SB437 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 15-0)
Status: Introduced on February 11 2019 - 25% progression, died in committee
Action: 2019-02-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2019 - 25% progression, died in committee
Action: 2019-02-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to (1) repeal the $10,000 limitation on individual income tax deductions for certain state and local taxes, and (2) increase the top individual income tax rate to 39.6% (currently 37%).
Title
SALT Act Stop the Attack on Local Taxpayers Act
Sponsors
| Sen. Robert Menendez [D-NJ] | Sen. Charles Schumer [D-NY] | Sen. Ron Wyden [D-OR] | Sen. Richard Durbin [D-IL] |
| Sen. Patty Murray [D-WA] | Sen. Cory Booker [D-NJ] | Sen. Benjamin Cardin [D-MD] | Sen. Kamala Harris [D-CA] |
| Sen. Chris Van Hollen [D-MD] | Sen. Dianne Feinstein [D-CA] | Sen. Kirsten Gillibrand [D-NY] | Sen. Tammy Duckworth [D-IL] |
| Sen. Richard Blumenthal [D-CT] | Sen. Christopher Murphy [D-CT] | Sen. Patrick Leahy [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-11 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1142 (Same As) 2019-02-11 - Referred to the House Committee on Ways and Means.
Subjects
Income tax deductions
Income tax rates
Inflation and prices
Property tax
Sales and excise taxes
State and local taxation
Taxation
Income tax rates
Inflation and prices
Property tax
Sales and excise taxes
State and local taxation
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/437/all-info |
| Text | https://www.congress.gov/116/bills/s437/BILLS-116s437is.pdf |
