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I
116TH CONGRESS
1ST SESSION H. R. 1757
To amend the Internal Revenue Code of 1986 to increase the limitation
on the amount individuals can deduct for certain State and local taxes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 14, 2019
Ms. UNDERWOOD (for herself and Mr. CASTEN of Illinois) 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 increase
the limitation on the amount individuals can deduct for
certain State and local taxes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. INCREASE IN LIMITATION ON DEDUCTION FOR
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CERTAIN STATE AND LOCAL TAXES OF INDI-
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VIDUALS.
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(a) IN GENERAL.—Section 164(b)(6)(B) of the Inter-
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nal Revenue Code of 1986 is amended by striking
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‘‘$10,000 ($5,000 in the case of a married individual filing
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a separate return)’’ and inserting ‘‘$15,000 (twice such
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amount in the case of a joint return)’’.
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•HR 1757 IH
(b) INFLATION ADJUSTMENT.—Section 164(b) of
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such Code is amended by adding at the end the following
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new paragraph:
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‘‘(7) INFLATION ADJUSTMENT.—In the case of
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any taxable year beginning after December 31,
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2019, the $15,000 amount in paragraph (6)(B) shall
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be increased by an amount equal to—
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‘‘(A) such dollar amount, multiplied by
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‘‘(B) the cost-of-living adjustment deter-
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mined under section 1(f)(3) for the calendar
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year in which the taxable year begins, deter-
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mined by substituting ‘calendar year 2018’ for
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‘calendar year 2016’ in subparagraph (A)(ii)
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thereof.
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If any amount as adjusted under the preceding sen-
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tence is not a multiple of $100, such amount shall
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be rounded to the next lowest multiple of $100.’’.
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(c) EFFECTIVE DATE.—The amendments made by
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this section shall apply to taxable years beginning after
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December 31, 2018.
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Æ
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