I
118THCONGRESS
1
STSESSION H. R. 2660
To amend the Internal Revenue Code of 1986 to increase the limitation
on the amount individuals can deduct for certain State and local taxes.
IN THE HOUSE OF REPRESENTATIVES
APRIL17, 2023
Ms. U
NDERWOOD(for herself and Mr. CASTEN) 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 amount individuals can deduct for
certain State and local taxes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘SALT Fairness for 4
Working Families Act’’. 5
SEC. 2. INCREASE IN LIMITATION ON DEDUCTION FOR CER-6
TAIN STATE AND LOCAL TAXES OF INDIVID-7
UALS. 8
(a) I
NGENERAL.—Section 164(b)(6)(B) of the Inter-9
nal Revenue Code of 1986 is amended by striking 10
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•HR 2660 IH
‘‘$10,000 ($5,000 in the case of a married individual filing 1
a separate return)’’ and inserting ‘‘$15,000 (twice such 2
amount in the case of a joint return)’’. 3
(b) I
NFLATIONADJUSTMENT.—Section 164(b) of 4
such Code is amended by adding at the end the following 5
new paragraph: 6
‘‘(7) I
NFLATION ADJUSTMENT .—In the case of 7
any taxable year beginning after December 31, 8
2023, the $15,000 amount in paragraph (6)(B) shall 9
be increased by an amount equal to— 10
‘‘(A) such dollar amount, multiplied by 11
‘‘(B) the cost-of-living adjustment deter-12
mined under section 1(f)(3) for the calendar 13
year in which the taxable year begins, deter-14
mined by substituting ‘calendar year 2022’ for 15
‘calendar year 2016’ in subparagraph (A)(ii) 16
thereof. 17
If any amount as adjusted under the preceding sen-18
tence is not a multiple of $100, such amount shall 19
be rounded to the next lowest multiple of $100.’’. 20
(c) E
FFECTIVEDATE.—The amendments made by 21
this section shall apply to taxable years beginning after 22
December 31, 2022. 23
Æ
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