[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1260 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 1260

 To amend the Internal Revenue Code of 1986 to increase the limitation 
              on the deduction for State and local taxes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 28, 2023

  Mr. Santos introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the limitation 
              on the deduction for State and local taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``SALT Relief Act''.

SEC. 2. INCREASE IN LIMITATION ON DEDUCTION FOR STATE AND LOCAL TAXES.

    (a) In General.--Section 164(b)(6)(B) of the Internal Revenue Code 
of 1986 is amended by striking ``$10,000 ($5,000'' and inserting 
``$50,000 ($25,000''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2022.
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