State And Local Tax Deduction Fairness Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 515 To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain State, local, and foreign taxes. IN THE HOUSE OF REPRESENTATIVES JANUARY 11, 2019 Mr. ENGEL (for himself, Mr. HIGGINS of New York, Mr. ROSE of New York, Mr. BRINDISI, Ms. CLARKE of New York, Mr. TED LIEU of California, Ms. BASS, Mr. BRENDAN F. BOYLE of Pennsylvania, Mr. SIRES, Ms. SCANLON, Mr. MEEKS, Mr. CORREA, Mr. CISNEROS, Mr. SHERMAN, Mrs. TORRES of California, and Mr. GOTTHEIMER) 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 State, local, and foreign 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 ‘‘State And Local Tax 4 Deduction Fairness Act of 2019’’. 5 VerDate Sep 11 2014 23:41 Jan 25, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H515.IH H515 pamtmann on DSKBFK8HB2PROD with BILLS 2 •HR 515 IH SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR CER- 1 TAIN STATE, LOCAL, AND FOREIGN 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 apply to taxable years beginning after 7 December 31, 2016. 8 Æ VerDate Sep 11 2014 23:41 Jan 25, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H515.IH H515 pamtmann on DSKBFK8HB2PROD with BILLS