December 14, 2017 / 5:12 PM / 7 months ago

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.

Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, enters a meeting of the House Republican conference on Capitol Hill in Washington, U.S., November 29, 2017. REUTERS/Aaron P. Bernstein

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.”

Reporting by Tim Ahmann; Writing by Eric Walsh; Editing by David Alexander

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