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Repeal of State and Local Tax Deduction Limit

This bill aims to remove the cap on deducting certain state and local taxes, including property and income taxes, from federal taxable income. This means citizens could potentially deduct larger amounts of these taxes, which may reduce their overall federal tax burden. These changes apply to tax years beginning after December 31, 2020.
Key points
Elimination of the State and Local Tax (SALT) deduction cap for federal taxes.
Ability to deduct the full amount of paid property and income taxes from federal taxable income.
Potential reduction in federal tax bills for individuals paying high state and local taxes.
Changes are effective for the 2021 tax year onwards.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_85
Sponsor: Sen. Schumer, Charles E. [D-NY]
Process start date: 2021-01-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SALT Deductibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_85.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-01-28.

What are the main provisions?

Key points include:

  • Elimination of the State and Local Tax (SALT) deduction cap for federal taxes.
  • Ability to deduct the full amount of paid property and income taxes from federal taxable income.
  • Potential reduction in federal tax bills for individuals paying high state and local taxes.
  • Changes are effective for the 2021 tax year onwards.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Schumer, Charles E. [D-NY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes