II
118THCONGRESS
2
DSESSION S. 5219
To amend the Internal Revenue Code of 1986 to increase the limitation
on the deduction for State and local taxes.
IN THE SENATE OF THE UNITED STATES
SEPTEMBER25, 2024
Mr. H
ELMYintroduced the following bill; which was read twice and referred
to the Committee on Finance
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 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 ‘‘Tax Relief for Middle 4
Class Families Act of 2024’’. 5
SEC. 2. INCREASE IN LIMITATION ON DEDUCTION FOR 6
STATE AND LOCAL TAXES. 7
(a) I
NGENERAL.—Section 164(b)(6)(B) of the Inter-8
nal Revenue Code of 1986 is amended by striking 9
‘‘$10,000 ($5,000 in the case of a married individual filing 10
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•S 5219 IS
a separate return)’’ and inserting ‘‘$100,000 (twice such 1
amount in the case of a joint return)’’. 2
(b) E
FFECTIVEDATE.—The amendments made by 3
this section shall apply to taxable years beginning after 4
December 31, 2023. 5
Æ
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