Will the SALT tax deduction cap be raised or eliminated?

Will the SALT tax deduction cap be raised or eliminated?

$31,265 vol

Order book

Yes

Market Rules

Resolves Yes if a bill becomes law before Jan 1, 2026 that increases the current limitation in Internal Revenue Code section 164(b) on the amount allowed as a deduction for state and local taxes in Internal Revenue Code section 164(a) for at least some class of taxpayer.Outcome verified from Library of Congress.

Timeline and payout

Market openNov 27, 2024 · 10:00am EST

Market closedAfter the outcome occurs

Paid out25 hours after closing

This market will close and expire early if th eevent occurs. Otherwise, it closes by Jul 25, 2025 at 11:00am EDT.

SeriesKXSALTX

EventKXSALTX-26

MarketKXSALTX-26

Insider trading is prohibited

The following are prohibited from trading this contract:

Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.

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