3.0.0 1326 2024-07-24T15:23:32Z 2024-07-24T15:23:32Z House H HR 2023-03-01 118 [Congressional Record Volume 169, Number 39 (Wednesday, March 1, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PORTER:H.R. 1326.Congress has the power to enact this legislation pursuantto the following:Section 8 of Article I of the ConstitutionThe single subject of this legislation is:To modify the limitation on the deduction by individuals ofcertain State and local taxes and to provide coverage forhearing and vision care under the Medicare program.[Page H1052]]]> hsif00 Energy and Commerce Committee House Standing hsif14 Health Subcommittee Referred to 2023-03-10T18:31:09Z Referred to 2023-03-01T14:04:40Z hswm00 Ways and Means Committee House Standing Referred to 2023-03-01T14:04:35Z 2023-03-10 hsif14 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2023-03-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2023-03-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-03-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-01 Introduced in House IntroReferral 1000 9 Library of Congress P000618 Rep. Porter, Katie [D-CA-47] Katie Porter D CA 47 N C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 2023-04-19 False S000344 Rep. Sherman, Brad [D-CA-32] BRAD SHERMAN D CA 32 2023-04-19 False L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2023-04-19 False C001110 Rep. Correa, J. Luis [D-CA-46] J. Correa D CA Luis 46 2024-03-13 False Health Health 2023-03-28T17:18:01Z 00 2023-03-01 Introduced in House 2023-09-19T16:32:11Z Supporting Americans with Lower Taxes Act or the SALT Act

This bill modifies the cap on state and local tax deductions (the SALT deduction) and provides for Medicare coverage of hearing and vision services.

Current law caps the SALT deduction at $10,000 for single taxpayers and married couples filing jointly and $5,000 for married taxpayers filing separately; the cap applies to tax years 2018 through 2025.

The bill permanently (1) eliminates any cap for single taxpayers or married couples filing jointly who make less than $400,000 a year ($200,000 for married taxpayers filing separately); (2) increases the cap to $60,000 for single taxpayers or married couples filing jointly who make $400,000 or more a year ($30,000 for married taxpayers filing separately who make $200,000 or more a year); and (3) phases down the cap for filers who make more than $400,000 in a manner such that those who make $1 million or more do not qualify for the deduction.

The bill also provides for Medicare coverage of hearing and vision services, including hearing aids, glasses, and contact lenses, beginning in 2025. It also appropriates any amounts received as a result of the bill's changes to the SALT cap to Medicare's Supplementary Medical Insurance Trust Fund and provides for specific fund transfers for FY2024 and FY2025 to support Medicare hearing and vision coverage.

]]> SALT Act Display Title 45 SALT Act 2024-07-24T15:23:32Z Short Title(s) as Introduced 101 SALT Act 2024-05-24T13:41:59Z Introduced in House IH Short Title(s) as Introduced 101 Supporting Americans with Lower Taxes Act 2024-05-24T13:41:59Z Introduced in House IH Official Title as Introduced 6 To modify the limitation on the deduction by individuals of certain State and local taxes and to provide coverage for hearing and vision care under the Medicare program. 2024-03-18T20:24:29Z Introduced in House IH Introduced in House 2023-03-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1326ih/xml/BILLS-118hr1326ih.xml 2023-03-10 Referred to the Subcommittee on Health. 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.