[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4803 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4803

To clarify the treatment of State and local real property taxes paid in 
                      2017 and assessed for 2018.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 16, 2018

 Mr. Lance (for himself, Mr. Gottheimer, Mr. Smith of New Jersey, Mr. 
 Frelinghuysen, Mr. LoBiondo, Ms. Stefanik, Mr. King of New York, Mr. 
Zeldin, Mr. Faso, and Mr. Donovan) introduced the following bill; which 
            was referred to the Committee on Ways and Means

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                                 A BILL


 
To clarify the treatment of State and local real property taxes paid in 
                      2017 and assessed for 2018.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``SALT Prepayment Deductibility Act''.

SEC. 2. TREATMENT OF STATE AND LOCAL REAL PROPERTY TAXES PAID IN 2017 
              AND ASSESSED FOR 2018.

    Amounts paid in calendar year 2017 with respect to real property 
taxes assessed for calendar year 2018 shall not fail to be treated for 
purposes of section 164 as paid or accrued within calendar year 2017.
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