3.0.0 4803 2023-01-11T13:39:00Z 2023-01-11T13:39:00Z House HR 2018-01-16 115 [Congressional Record Volume 164, Number 9 (Tuesday, January 16, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LANCE:H.R. 4803.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States;[Page H404]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-01-16T17:01:35Z 2018-01-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-01-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-01-16 Introduced in House IntroReferral 1000 9 Library of Congress L000567 Rep. Lance, Leonard [R-NJ-7] Leonard Lance R NJ 7 N G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2018-01-16 True S000522 Rep. Smith, Christopher H. [R-NJ-4] CHRISTOPHER SMITH R NJ H. 4 2018-01-16 True F000372 Rep. Frelinghuysen, Rodney P. [R-NJ-11] RODNEY FRELINGHUYSEN R NJ 11 2018-01-16 True L000554 Rep. LoBiondo, Frank A. [R-NJ-2] FRANK LOBIONDO R NJ A. 2 2018-01-16 True S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2018-01-16 True K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2018-01-16 True Z000017 Rep. Zeldin, Lee M. [R-NY-1] Lee Zeldin R NY M. 1 2018-01-16 True F000464 Rep. Faso, John J. [R-NY-19] John Faso R NY J. 19 2018-01-16 True D000625 Rep. Donovan, Daniel M., Jr. [R-NY-11] Daniel Donovan R NY M. 11 2018-01-16 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2018-01-29 False R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2018-01-29 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2018-01-29 False R000576 Rep. Ruppersberger, C. A. Dutch [D-MD-2] C. A. Ruppersberger D MD Dutch 2 2018-02-07 False G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2018-02-07 False Taxation Income tax deductions Property tax State and local taxation Tax administration and collection, taxpayers Taxation 00 2018-01-16 Introduced in House 2018-01-19T17:18:11Z 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.)

]]> SALT Prepayment Deductibility Act Display Title SALT Prepayment Deductibility Act Official Title as Introduced To clarify the treatment of State and local real property taxes paid in 2017 and assessed for 2018. Introduced in House IH Short Titles as Introduced SALT Prepayment Deductibility Act Introduced in House 2018-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4803ih/xml/BILLS-115hr4803ih.xml 2018-01-16 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.