The Supporting Americans with Lower Taxes (SALT) Act is a federal bill aimed at providing relief to taxpayers by restoring the full state and local tax (SALT) deduction. This deduction allows individuals to deduct state and local taxes from their federal taxable income, reducing their overall tax burden. The SALT Act seeks to reinstate this deduction, which was capped under the Tax Cuts and Jobs Act of 2017, in order to alleviate the financial strain on taxpayers in high-tax states. By restoring the SALT deduction, the bill aims to lower taxes for many individuals and families, especially those living in states with higher state and local tax rates.
2023-03-01: Introduced in House
2023-03-01: Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-03-10: Referred to the Subcommittee on Health.
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