To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals filing jointly can deduct for certain State and local taxes.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the SALT Deduction Fairness Act and requires increase in limitation on deduction for individuals filing jointly on state and local taxes Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a. It relies on tax deductions, definition changes, and compliance mandates. The main policy areas are Regulated Industries and Environment.
Who Benefits and How
Regulated entities and members of the public affected by the bill could gain revenue opportunities, Environmental and public health interests affected by the bill could gain revenue opportunities, and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the SALT Deduction Fairness Act.
- Requires increase in limitation on deduction for individuals filing jointly on state and local taxes Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the SALT Deduction Fairness Act and requires increase in limitation on deduction for individuals filing jointly on state and local taxes Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a.
Key Policy Areas
Regulated Industries, Environment
Primary Purpose
The bill creates short title This Act may be cited as the SALT Deduction Fairness Act and requires increase in limitation on deduction for individuals filing jointly on state and local taxes Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Environmental and public health interests affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Legislative Progress
IntroducedMs. Collins introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology