119-hr232

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SALT Fairness and Marriage Penalty Elimination Act

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Introduced:
Jan 7, 2025
Policy Area:
Taxation

Bill Statistics

3
Actions
4
Cosponsors
1
Summaries
3
Subjects
1
Text Versions
Yes
Full Text

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Latest Action

Jan 7, 2025
Referred to the House Committee on Ways and Means.

Summaries (1)

Introduced in House - Jan 7, 2025 00
<p><strong>SALT Fairness and Marriage Penalty Elimination Act</strong></p><p>This bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $100,000 ($200,000 for married individuals filing a joint federal income&nbsp;tax return).&nbsp;</p><p>Under current law, the SALT deduction cap is $10,000 ($5,000 for married individuals filing separate federal income tax returns).&nbsp;</p>

Actions (3)

Referred to the House Committee on Ways and Means.
Type: IntroReferral | Source: House floor actions | Code: H11100
Jan 7, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Jan 7, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Jan 7, 2025

Subjects (3)

Income tax deductions State and local taxation Taxation (Policy Area)

Text Versions (1)

Introduced in House

Jan 7, 2025

Full Bill Text

Length: 1,640 characters Version: Introduced in House Version Date: Jan 7, 2025 Last Updated: Nov 13, 2025 6:28 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 232 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. R. 232

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

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

January 7, 2025

Mr. Lawler introduced the following bill; which was referred to the
Committee on Ways and Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to modify the limitation on
the amount individuals 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.

This Act may be cited as the ``SALT Fairness and Marriage Penalty
Elimination Act''.
SEC. 2.
LOCAL TAXES OF INDIVIDUALS.

(a) In General.--
Section 164 (b) (6) (B) of the Internal Revenue Code of 1986 is amended by striking ``shall not exceed $10,000 ($5,000 in the case of a married individual filing a separate return).

(b)

(6)
(B) of the Internal Revenue Code
of 1986 is amended by striking ``shall not exceed $10,000 ($5,000 in
the case of a married individual filing a separate return).'' and
inserting ``shall not exceed--
``
(i) except as provided in clause
(ii) ,
$100,000, and
``
(ii) in the case of a joint return,
$200,000.''.

(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2024.
<all>