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SALT Fairness and Deficit Reduction Act

USA118th CongressHR-3098| House 
| Updated: 5/5/2023
Nick LaLota

Nick LaLota

Republican Representative

New York

Cosponsors (3)
Mike Garcia (Republican)Anthony D'Esposito (Republican)Michael Lawler (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 5, 2023
Introduced in House
May 5, 2023
Referred to the House Committee on Ways and Means.
  • May 5, 2023
    Introduced in House


  • May 5, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 118-2660: SALT Fairness for Working Families Act

SALT Fairness and Deficit Reduction Act

USA118th CongressHR-3098| House 
| Updated: 5/5/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 5, 2023
Introduced in House
May 5, 2023
Referred to the House Committee on Ways and Means.
  • May 5, 2023
    Introduced in House


  • May 5, 2023
    Referred to the House Committee on Ways and Means.
Nick LaLota

Nick LaLota

Republican Representative

New York

Cosponsors (3)
Mike Garcia (Republican)Anthony D'Esposito (Republican)Michael Lawler (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HR 118-2660: SALT Fairness for Working Families Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted