SALT Relief and Marriage Penalty Elimination Act of 2019

Bill: 116-hr-2624
Sponsor: full_name: Rep. Sherrill, Mikie [D-NJ-11]
Introduced: 2019-05-09
Policy area: Taxation
Subjects: Income tax deductions

Marriage and family status

Property tax

State and local taxation

Tax treatment of families
Latest action: action_date: 2019-05-09
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-05-09
action_desc: Introduced in House
text: <p><b>SALT Relief and Marriage Penalty Elimination Act of 2019</b></p> <p>This bill raises the cap on tax deductions for state and local taxes for taxable years 2018 through 2025. The bill increases the current $10,000 limit to make it equal to the standard deduction the applies for the taxpayer based on filing status.. (For 2019, the standard deduction is $12,200 for single taxpayers and married individuals filing separately, $24,400 for married couples filing jointly, and $18,350 for heads of households). </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2624 IN THE HOUSE OF REPRESENTATIVES May 9, 2019 Ms. Sherrill (for herself, Ms. Stefanik , Mr. Cisneros , and Mr. King of New York ) 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 increase the limitation on the deduction for State and local taxes.

1. Short title This Act may be cited as the SALT Relief and Marriage Penalty Elimination Act of 2019 . 2. Increase in limitation on deduction for State and local taxes (a) In general Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a married individual filing a separate return) and inserting an amount equal to the basic standard deduction in effect with respect to the taxpayer for the taxable year under paragraph (2) of section 63(c) (determined after the application of paragraph (7) and without regard to paragraphs (5) and (6) of such section) . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2018.