SALT Marriage Penalty Elimination Act

Bill: 118-hr-339
Sponsor: full_name: Rep. Lawler, Michael [R-NY-17]
Introduced: 2023-01-12
Policy area: Taxation
Subjects: Income tax deductions

State and local taxation
Latest action: action_date: 2023-01-30
text: Sponsor introductory remarks on measure. (CR H507)

Summaries:
action_date: 2023-01-12
action_desc: Introduced in House
text: <p> <strong>SALT Marriage Penalty Elimination Act</strong></p> <p>This bill increases from $10,000 to $20,000 the amount that a married couple filing a joint tax return may deduct as state and local taxes (thus eliminating the tax effect known as the marriage penalty with respect to the deduction).</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 339 IN THE HOUSE OF REPRESENTATIVES January 12, 2023 Mr. Lawler (for himself, Mr. D'Esposito , and Ms. Sherrill ) 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 eliminate the marriage penalty in the limitation on the amount individuals can deduct for certain State and local taxes.

1. Short title This Act may be cited as the SALT Marriage Penalty Elimination Act . 2. Elimination of marriage penalty in limitation on deduction for certain State and local taxes of individuals (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 $10,000 (twice such amount in the case of a joint return) . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2022.