H.R.946 - SALT Act117th Congress (2021-2022) |
|Sponsor:||Rep. Pascrell, Bill, Jr. [D-NJ-9] (Introduced 02/08/2021)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 02/08/2021 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.946 — 117th Congress (2021-2022)All Information (Except Text)
Introduced in House (02/08/2021)
Stop the Attack on Local Taxpayers Act of 2021 or the SALT Act
This bill repeals the limitation on the deductibility of state and local taxes during 2018-2025. It also increases from $250 to $1,000 the tax deduction for certain expenses of elementary and secondary school teachers and allows a deduction from gross income (above-the-line) for certain training and uniform expenses of first responders (i.e., individuals who are law enforcement officers, firefighters, paramedics, or emergency medical technicians for at least 1,000 hours during a taxable year).
The bill expands individual income tax brackets and increases the top income tax rate for individual taxpayers to 39.6%.