I
119th CONGRESS
1st Session
H. R. 232
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.
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.