3.0.0 4740 2023-01-11T13:39:02Z 2023-01-11T13:39:02Z House HR 2018-01-08 115 [Congressional Record Volume 164, Number 4 (Monday, January 8, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. LOWEY:H.R. 4740.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StatesConstitution: Congress shall have the power to, ``regulateCommerce with foreign Nations, and among the several States,and with the Indian Tribes.''[Page H18]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-01-08T19:00:30Z Cutting Local Taxes by Reinstating SALT Act 115 4789 HR 2018-01-12 Referred to the House Committee on Ways and Means. Related bill CRS 2018-01-08 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-01-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-01-08 Introduced in House IntroReferral 1000 9 Library of Congress L000480 Rep. Lowey, Nita M. [D-NY-17] NITA LOWEY D NY M. 17 N K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2018-01-08 True Taxation Income tax deductions Property tax State and local taxation Taxation 00 2018-01-08 Introduced in House 2018-01-16T16:16:05Z Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT 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.)

]]> SALT Deductibility Act Display Title SALT Deductibility Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes. Introduced in House IH Short Titles as Introduced SALT Deductibility Act Short Titles as Introduced Securing Access to Lower Taxes by ensuring Deductibility Act Introduced in House 2018-01-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4740ih/xml/BILLS-115hr4740ih.xml 2018-01-08 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.