118th Congress · HOUSE BILLBILL

H.R. 7160SALT Marriage Penalty Elimination Act

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

Taxation
Introduced Jan 31, 2024
Last action Feb 5, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jan 31, 2024
Step 2
Referred
Jan 31, 2024
Ways & Means
Step 3
Committee
Feb 5, 2024
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill increases from $10,000 to $20,000 the maximum amount of the tax deduction for state and local taxes for married couples whose adjusted gross income is less than $500,000 in 2023, thus eliminating the tax effect known as the marriage penalty.

Provisions · 2 sectionsIntroduced in House
Timeline · 3 actions
Feb 5, 2024
Rules Committee Resolution H. Res. 994 Reported to House. Rule provides for consideration of H.R. 7160 and H. Res. 987. The resolution provides for consideration of H.R. 7160 and H. Res. 987 under a closed rule with one hour of debate on each measure. The resolution provides for a motion to recommit on H.R. 7160.
Jan 31, 2024
Introduced in House
Jan 31, 2024
Referred to the House Committee on Ways and Means.