Senate Bill 2762
116th Congress(2019-2020)
SALT Deduction Fairness Act
Introduced
Introduced in Senate on Oct 31, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2762
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
SALT Deduction Fairness Act
This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.
October 31, 2019
10/31/2019
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6336-6337)
10/31/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 4:47:41 AM