SALT Deduction Fairness Act

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 31 October 2019

   Introduced

   Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6336-6337)

   Source: IntroReferral

2. 31 October 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 31 October 2019 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 31 October 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 31 October 2019

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 31 October 2019

  Open at official source

Sponsors

• Susan Collins · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes.
• related to → Save the State and Local Tax Deduction for Middle Class Families Act of 2019
• related to → SALT Deduction Fairness Act