118th Congress · HOUSE BILLBILL

H.R. 1260 — SALT Relief Act

“To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for State and local taxes.”

Taxation

Introduced Feb 28, 2023

Last action Feb 28, 2023

Pipeline · Bill → Law

Step 1

Introduced

Feb 28, 2023

Step 2

Referred

Feb 28, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases from $10,000 to $50,000 the amount that an individual taxpayer may deduct as state and local taxes.

Provisions · 2 sectionsIntroduced in House

Timeline · 3 actions

Feb 28, 2023

Introduced in House

Feb 28, 2023

Sponsor introductory remarks on measure.

Feb 28, 2023

Referred to the House Committee on Ways and Means.