SALT Fairness Act of 2021

Bill: 117-hr-202
Sponsor: full_name: Rep. Garcia, Mike [R-CA-25]
Introduced: 2021-01-05
Policy area: Taxation
Subjects: Income tax deductions

Property tax

State and local taxation
Latest action: action_date: 2021-01-05
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-01-05
action_desc: Introduced in House
text: <p><b>SALT Fairness Act of 2021</b></p> <p>This bill repeals the temporary restrictions in taxable years 2018 through 2025 on the deductibility of state and local taxes.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 202 IN THE HOUSE OF REPRESENTATIVES January 5, 2021 Mr. Garcia of California 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 2021 . 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 .