HR 430 ยท SALT Deductibility Act
Referred to the House Committee on Ways and Means.
- Introduced
- Jan 15, 2025
- Latest action
- Jan 15, 2025
- Sponsor
- Rep. Andrew R. Garbarino [R-NY-2]
- Policy area
- Taxation
- Cosponsors
- 25
Summary
Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act This bill repeals the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap). Under current law, a SALT deduction cap of $10,000 ($5,000 for married individuals filing separate federal income tax returns) applies for tax years 2018 through 2025 and expires beginning in 2026.
Recent actions
- Jan 15, 2025 Referred to the House Committee on Ways and Means.
- Jan 15, 2025 Introduced in House
- Jan 15, 2025 Introduced in House
Votes
No recorded votes are available for this bill.