| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 232 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to modify the limitation |
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| 6 | 6 | | on the amount individuals can deduct for certain State and local taxes. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JANUARY7, 2025 |
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| 9 | 9 | | Mr. L |
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| 10 | 10 | | AWLERintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Ways and Means |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Internal Revenue Code of 1986 to modify |
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| 14 | 14 | | the limitation on the amount individuals can deduct for |
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| 15 | 15 | | certain State and local taxes. |
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| 16 | 16 | | Be it enacted by the Senate and House of Representa-1 |
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| 17 | 17 | | tives of the United States of America in Congress assembled, 2 |
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| 18 | 18 | | SECTION 1. SHORT TITLE. 3 |
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| 19 | 19 | | This Act may be cited as the ‘‘SALT Fairness and 4 |
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| 20 | 20 | | Marriage Penalty Elimination Act’’. 5 |
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| 21 | 21 | | SEC. 2. MODIFICATION OF LIMITATION ON DEDUCTION 6 |
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| 22 | 22 | | FOR CERTAIN STATE AND LOCAL TAXES OF 7 |
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| 23 | 23 | | INDIVIDUALS. 8 |
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| 24 | 24 | | (a) I |
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| 25 | 25 | | NGENERAL.—Section 164(b)(6)(B) of the Inter-9 |
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| 26 | 26 | | nal Revenue Code of 1986 is amended by striking ‘‘shall 10 |
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| 27 | 27 | | VerDate Sep 11 2014 23:46 Jan 30, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H232.IH H232 |
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| 28 | 28 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 29 | 29 | | •HR 232 IH |
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| 30 | 30 | | not exceed $10,000 ($5,000 in the case of a married indi-1 |
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| 31 | 31 | | vidual filing a separate return).’’ and inserting ‘‘shall not 2 |
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| 32 | 32 | | exceed— 3 |
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| 33 | 33 | | ‘‘(i) except as provided in clause (ii), 4 |
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| 34 | 34 | | $100,000, and 5 |
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| 35 | 35 | | ‘‘(ii) in the case of a joint return, 6 |
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| 36 | 36 | | $200,000.’’. 7 |
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| 37 | 37 | | (b) E |
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| 38 | 38 | | FFECTIVEDATE.—The amendment made by 8 |
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| 39 | 39 | | this section shall apply to taxable years beginning after 9 |
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| 40 | 40 | | December 31, 2024. 10 |
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| 41 | 41 | | Æ |
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| 42 | 42 | | VerDate Sep 11 2014 23:46 Jan 30, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H232.IH H232 |
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| 43 | 43 | | ssavage on LAPJG3WLY3PROD with BILLS |
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