Summary: S.437 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.437. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/11/2019)

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%).