119th Congress · HOUSE BILLBILL

H.R. 430 — SALT Deductibility Act

“To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes.”

Taxation

Introduced Jan 15, 2025

Last action Jan 15, 2025

Pipeline · Bill → Law

Step 1

Introduced

Jan 15, 2025

Step 2

Referred

Jan 15, 2025

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jan 15, 2025

Introduced in House

Jan 15, 2025

Referred to the House Committee on Ways and Means.