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Senate Bill 2762
116th Congress(2019-2020)
SALT Deduction Fairness Act
Introduced
Introduced
Introduced in Senate on Oct 31, 2019
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Introduced in Senate 
Oct 31, 2019
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Introduced in Senate(Oct 31, 2019)
Oct 31, 2019
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 2762 (Introduced-in-Senate)


116th CONGRESS
1st Session
S. 2762


To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals filing jointly can deduct for certain State and local taxes.

IN THE SENATE OF THE UNITED STATES

October 31, 2019

Ms. Collins introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals filing jointly can deduct for certain State and local taxes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “SALT Deduction Fairness Act”.

SEC. 2. Increase in limitation on deduction for individuals filing jointly on 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 “$10,000 (twice such amount in the case of a joint return)”.

(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2018.