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Table shows the revenue effect of allowing for an itemized deduction for up to $10,000 in property taxes (as in the House proposal) in the Senate's Tax Cuts and Jobs Act, as ordered reported by the Committee on Finance, for fiscal years 2018-2027.
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T17-0293 - Allow Itemized Deduction for up to $10,000 in Property Taxes in Senate Tax Cuts and Jobs Act; Baseline: Senate Tax Cuts and Jobs Act, as Ordered Reported by the Committee on Finance; Distribution of Federal Tax Change by Expanded Cash Income Level, 2019
T17-0294 - Allow Itemized Deduction for up to $10,000 in Property Taxes in Senate Tax Cuts and Jobs Act; Baseline: Senate Tax Cuts and Jobs Act, Ordered Reported by Committee on Finance; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2019