[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7160 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7160

To amend the Internal Revenue Code of 1986 to modify the limitation on 
 the amount certain married individuals can deduct for State and local 
                                 taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 31, 2024

Mr. Lawler (for himself, Mr. LaLota, Mr. Garbarino, Mr. D'Esposito, Mr. 
   Molinaro, Mr. Kean of New Jersey, Mr. Harris, Mr. Mike Garcia of 
California, and Mrs. Kim of California) 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 modify the limitation on 
 the amount certain married individuals can deduct 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 Marriage Penalty Elimination 
Act''.

SEC. 2. MODIFICATION OF LIMITATION ON DEDUCTION FOR CERTAIN STATE AND 
              LOCAL TAXES.

    (a) In General.--Section 164(b)(6) of the Internal Revenue Code of 
1986 is amended by adding at the end the following: ``In the case of a 
joint return for a taxable year beginning after December 31, 2022, and 
before January 1, 2024, if the taxpayer's adjusted gross income for 
such taxable year is less than $500,000, subparagraph (B) shall be 
applied by substituting `$20,000' for `$10,000'.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2022.
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