SALT Deductibility Act

I 116TH CONGRESS 1ST SESSION H. R. 188 To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes. IN THE HOUSE OF REPRESENTATIVES JANUARY 3, 2019 Mrs. LOWEY (for herself and Mr. KING of New York) 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 repeal the limitation on the deduction for certain taxes, includ- ing State and local property and income 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 ‘‘Securing Access to 4 Lower Taxes by ensuring Deductibility Act’’ or the 5 ‘‘SALT Deductibility Act’’. 6 VerDate Sep 11 2014 04:13 Jan 15, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H188.IH H188 kjohnson on DSK79L0C42 with BILLS 2 •HR 188 IH SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR STATE 1 AND LOCAL, ETC. TAXES. 2 (a) IN GENERAL.—Section 164(b) of the Internal 3 Revenue Code of 1986 is amended by striking paragraph 4 (6). 5 (b) EFFECTIVE DATE.—The amendment made by 6 this section shall take effect as if included in section 7 11042 of Public Law 115–97. 8 Æ VerDate Sep 11 2014 04:13 Jan 15, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H188.IH H188 kjohnson on DSK79L0C42 with BILLS