U.S. bill to allow property and income or sales tax deductions: key lawmaker
Reuters
Published Dec 14, 2017 12:11PM ET
U.S. bill to allow property and income or sales tax deductions: key lawmaker
WASHINGTON (Reuters) - The chairman of the U.S. House of Representatives Ways and Means Committee indicated on Thursday that a Republican tax bill will allow property and income or sales taxes to be deducted under the state and local income tax deduction.
Republican Representative Kevin Brady, asked if it was true that the so-called SALT deduction would include property and income or sales taxes under a compromise bill forged by House and Senate Republicans, told reporters: "Yes."
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Written By: Reuters
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