HR 4789 · 115th Congress · Taxation

Cutting Local Taxes by Reinstating SALT Act

Introduced 2018-01-12· Sponsored by Rep. Gottheimer, Josh [D-NJ-5]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2018-01-12)

Plain Language Summary

[AI summary unavailable — showing source text] Cutting Local Taxes by Reinstating SALT 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.)…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Lance, Leonard [R-NJ-7]NJ