LaLota Introduces Bill to Restore SALT Deduction


WASHINGTON, D.C. – Today, May 10th, 2023, Rep. Nick LaLota (NY-01) introduced H.R. 3098, the SALT Fairness and Deficit Reduction Act. This legislation would effectively bring the deduction to pre-2017 levels for the overwhelming number of taxpayers while at the same time reducing the federal deficit.


“As I continue to visit communities all over New York’s First Congressional District, one thing remains clear. The SALT deduction cap has caused significant hardship for Long Islanders. In a time of such economic uncertainty, working families need support,” said LaLota. “We must also take definitive action to address our deficit. I am proud to introduce my common sense legislation, which responsibly provides tax relief for middle-class families while cutting costs down the road.”


To read the full text of the legislation, click HERE.




The SALT Fairness and Deficit Reduction Act would raise and extend the SALT deduction cap to $60k for single filers and $120k for joint filers beginning in 2023 and lasting until December 31, 2032. This legislation would also index the caps to inflation.


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