Securing Access to Lower Taxes by ensuring Deductibility Act

H.R. 4740 · 115th Congress · Jan 8, 2018 · Lineage

A BILL

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.

Section 1 Short title

This Act may be cited as the “Securing Access to Lower Taxes by ensuring Deductibility Act” or the “SALT Deductibility Act”.

Sec. 2 Repeal of limitation on deduction for State and local, etc. taxes

(a)

In general— Section 164(b) of the Internal Revenue Code of 1986 is amended by striking paragraph (6) (as added by Public Law 115–97) and all that follows.

(b)

Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2017.

Securing Access to Lower Taxes by ensuring Deductibility Act

Section 1 Short title

Sec. 2 Repeal of limitation on deduction for State and local, etc. taxes

Cite this provision

Incoming references