S 2762 · 116th Congress · Taxation

SALT Deduction Fairness Act

Introduced 2019-10-31· Sponsored by Sen. Collins, Susan M. [R-ME]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6336-6337)(2019-10-31)

Plain Language Summary

[AI summary unavailable — showing source text] SALT Deduction Fairness Act This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.…

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