| 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. 430 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to repeal the limitation on |
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| 6 | 6 | | the deduction for certain taxes, including State and local property and |
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| 7 | 7 | | income taxes. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | JANUARY15, 2025 |
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| 10 | 10 | | Mr. G |
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| 11 | 11 | | ARBARINO(for himself, Mr. GOTTHEIMER, Mrs. KIM, Mr. MENENDEZ, |
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| 12 | 12 | | Mr. S |
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| 13 | 13 | | MITHof New Jersey, Mr. SCHNEIDER, Mr. LAWLER, Mr. SUOZZI, |
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| 14 | 14 | | Mr. C |
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| 15 | 15 | | ASTEN, Ms. NORTON, Mr. DAVISof Illinois, Mr. KEAN, Ms. CHU, |
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| 16 | 16 | | Ms. B |
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| 17 | 17 | | ROWNLEY, Mr. NADLER, Ms. SHERRILL, Ms. GILLEN, Mr. PA- |
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| 18 | 18 | | NETTA, Mr. RYAN, Mr. RASKIN, and Mr. GOMEZ) introduced the fol- |
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| 19 | 19 | | lowing bill; which was referred to the Committee on Ways and Means |
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| 20 | 20 | | A BILL |
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| 21 | 21 | | To amend the Internal Revenue Code of 1986 to repeal |
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| 22 | 22 | | the limitation on the deduction for certain taxes, includ- |
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| 23 | 23 | | ing State and local property and income taxes. |
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| 24 | 24 | | Be it enacted by the Senate and House of Representa-1 |
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| 25 | 25 | | tives of the United States of America in Congress assembled, 2 |
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| 26 | 26 | | SECTION 1. SHORT TITLE. 3 |
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| 27 | 27 | | This Act may be cited as the ‘‘Securing Access to 4 |
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| 28 | 28 | | Lower Taxes by ensuring Deductibility Act’’ or the 5 |
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| 29 | 29 | | ‘‘SALT Deductibility Act’’. 6 |
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| 30 | 30 | | VerDate Sep 11 2014 23:49 Feb 06, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H430.IH H430 |
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| 31 | 31 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 32 | 32 | | •HR 430 IH |
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| 33 | 33 | | SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR STATE 1 |
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| 34 | 34 | | AND LOCAL, ETC. TAXES. 2 |
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| 35 | 35 | | (a) I |
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| 36 | 36 | | NGENERAL.—Section 164(b) of the Internal 3 |
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| 37 | 37 | | Revenue Code of 1986 is amended by striking paragraph 4 |
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| 38 | 38 | | (6). 5 |
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| 39 | 39 | | (b) E |
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| 40 | 40 | | FFECTIVEDATE.—The amendment made by 6 |
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| 41 | 41 | | this section shall apply to taxable years beginning after 7 |
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| 42 | 42 | | December 31, 2024. 8 |
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| 43 | 43 | | Æ |
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| 44 | 44 | | VerDate Sep 11 2014 23:49 Feb 06, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H430.IH H430 |
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| 45 | 45 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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