SALT Fairness Act of 2019

Bill: 116-hr-257
Sponsor: full_name: Rep. King, Peter T. [R-NY-2]
Introduced: 2019-01-04
Policy area: Taxation
Subjects: Income tax deductions

Property tax

State and local taxation
Latest action: action_date: 2019-01-04
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-01-04
action_desc: Introduced in House
text: <p><b>SALT Fairness Act of 2019</b></p> <p> This bill repeals the limitation on individual tax 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.) </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 257 IN THE HOUSE OF REPRESENTATIVES January 4, 2019 Mr. King of New York (for himself and Mr. Suozzi ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the limitation on deduction for State and local taxes, and for other purposes.

1. Short title This Act may be cited as the SALT Fairness Act of 2019 . 2. Repeal of limitation on deduction for State and local, etc. taxes (a) In general Section 164(b) is amended by striking paragraph (6). (b) Effective date The amendment made by subsection (a) shall take effect as if included in section 11042 of Public Law 115–97 .