SALT Relief Act

H.R. 1260 · 118th Congress · Feb 28, 2023 · Lineage

A BILL

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

This Act may be cited as the “SALT Relief Act”.

(a)

In general— Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking “$10,000 ($5,000” and inserting “$50,000 ($25,000”.

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2022.