SALT Fairness Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 257 To amend the Internal Revenue Code of 1986 to repeal the limitation on deduction for State and local taxes, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JANUARY 4, 2019 Mr. KING of New York (for himself and Mr. SUOZZI) 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 deduction for State and local taxes, and for other purposes. 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 ‘‘SALT Fairness Act 4 of 2019’’. 5 SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR STATE 6 AND LOCAL, ETC. TAXES. 7 (a) IN GENERAL.—Section 164(b) is amended by 8 striking paragraph (6). 9 VerDate Sep 11 2014 01:57 Jan 17, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H257.IH H257 pamtmann on DSKBFK8HB2PROD with BILLS 2 •HR 257 IH (b) EFFECTIVE DATE.—The amendment made by 1 subsection (a) shall take effect as if included in section 2 11042 of Public Law 115–97. 3 Æ VerDate Sep 11 2014 01:57 Jan 17, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H257.IH H257 pamtmann on DSKBFK8HB2PROD with BILLS