I 115th CONGRESS 2d Session H. R. 4803 IN THE HOUSE OF REPRESENTATIVES January 16, 2018 Mr. Lance (for himself, Mr. Gottheimer , Mr. Smith of New Jersey , Mr. Frelinghuysen , Mr. LoBiondo , Ms. Stefanik , Mr. King of New York , Mr. Zeldin , Mr. Faso , and Mr. Donovan ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To clarify the treatment of State and local real property taxes paid in 2017 and assessed for 2018.

1. Short title This Act may be cited as the SALT Prepayment Deductibility Act . 2. Treatment of State and local real property taxes paid in 2017 and assessed for 2018 Amounts paid in calendar year 2017 with respect to real property taxes assessed for calendar year 2018 shall not fail to be treated for purposes of section 164 as paid or accrued within calendar year 2017.