S. 437 · 116th Congress
SALT Act
- Stage
- In committee
- Sponsor
- Bob Menendez
- Introduced
- 2019-02-11
- Latest action
- 2019-02-11 · Introduced in Senate
Summary
Stop the Attack on Local Taxpayers Act or the SALT Act
This bill amends the Internal Revenue Code to (1) repeal the $10,000 limitation on individual income tax deductions for certain state and local taxes, and (2) increase the top individual income tax rate to 39.6% (currently 37%).