3.0.0 3098 2024-07-24T15:22:16Z 2024-07-24T15:22:16Z House H HR 2023-05-05 118 [Congressional Record Volume 169, Number 77 (Friday, May 5, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LaLOTA:H.R. 3098.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionThe single subject of this legislation is:To amend the Internal Revenue Code of 1986 to modify thelimitation on the deduction for State and local taxes.[Page H2137]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-05-05T15:02:00Z SALT Fairness for Working Families Act 118 2660 HR 2023-04-17 Referred to the House Committee on Ways and Means. Related bill CRS 2023-05-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-05-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-05-05 Introduced in House IntroReferral 1000 9 Library of Congress L000598 Rep. LaLota, Nick [R-NY-1] Nick LaLota R NY 1 N D000632 Rep. D'Esposito, Anthony [R-NY-4] Anthony D'Esposito R NY 4 2023-05-09 False L000599 Rep. Lawler, Michael [R-NY-17] Michael Lawler R NY 17 2023-05-11 False G000061 Rep. Garcia, Mike [R-CA-27] Mike Garcia R CA 27 2023-05-25 False Taxation Taxation 2023-05-23T18:45:19Z 00 2023-05-05 Introduced in House 2023-05-31T12:47:41Z SALT Fairness and Deficit Reduction Act

This bill increases the limitation on the tax deduction for state and local taxes to $60,000 (the limit is currently $10,000 for individual taxpayers). The bill also requires an annual inflation adjustment to the increased amount beginning after 2023, and extends through 2032 the period during which the limitation is in effect.

]]> SALT Fairness and Deficit Reduction Act Display Title 45 SALT Fairness and Deficit Reduction Act 2024-07-24T15:22:16Z Short Title(s) as Introduced 101 SALT Fairness and Deficit Reduction Act 2024-05-24T13:40:09Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for State and local taxes. 2024-03-18T20:44:29Z Introduced in House IH Introduced in House 2023-05-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3098ih/xml/BILLS-118hr3098ih.xml 2023-05-05 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.