HR. 7561In Committee
To amend the Internal Revenue Code of 1986 to modify the limitation on individual deductions for certain state and local taxes and to allow a deduction for qualified special assessment taxes, and for other purposes.
Amends the Internal Revenue Code to change the cap on individual state and local tax deductions and permit deductions for qualified special assessment taxes
Plain-English overview
What this bill does
Amends the Internal Revenue Code to change the cap on individual state and local tax deductions and permit deductions for qualified special assessment taxes
Key points
- Modify SALT deduction limitation
- Allow qualified special assessment deductions
Current status
Where it stands
Status
In Committee
Latest action
2026-02-12 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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