[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 232 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 232
To amend the Internal Revenue Code of 1986 to modify the limitation on
the amount individuals can deduct for certain State and local taxes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 7, 2025
Mr. Lawler 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 individuals can deduct for certain 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 Fairness and Marriage Penalty
Elimination Act''.
SEC. 2. MODIFICATION OF LIMITATION ON DEDUCTION FOR CERTAIN STATE AND
LOCAL TAXES OF INDIVIDUALS.
(a) In General.--Section 164(b)(6)(B) of the Internal Revenue Code
of 1986 is amended by striking ``shall not exceed $10,000 ($5,000 in
the case of a married individual filing a separate return).'' and
inserting ``shall not exceed--
``(i) except as provided in clause (ii),
$100,000, and
``(ii) in the case of a joint return,
$200,000.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2024.
<all>