Middle Class Tax Deduction Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 1867 To amend the Internal Revenue Code of 1986 to allow miscellaneous itemized deductions subject to a 2-percent floor and to reinstate the overall limita- tion on itemized deductions. IN THE HOUSE OF REPRESENTATIVES MARCH 25, 2019 Ms. WILD (for herself, Ms. JACKSON LEE, Ms. NORTON, and Mr. HASTINGS) 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 allow mis- cellaneous itemized deductions subject to a 2-percent floor and to reinstate the overall limitation on itemized deductions. 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 ‘‘Middle Class Tax De- 4 duction Act of 2019’’. 5 VerDate Sep 11 2014 00:46 Apr 06, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1867.IH H1867 kjohnson on DSK79L0C42 with BILLS 2 •HR 1867 IH SEC. 2. ALLOWANCE OF MISCELLANEOUS ITEMIZED DE- 1 DUCTIONS SUBJECT TO A 2-PERCENT FLOOR. 2 (a) IN GENERAL.—Section 67 of the Internal Rev- 3 enue Code of 1986 is amended by striking subsection (g). 4 (b) EFFECTIVE DATE.—The amendment made by 5 this section shall apply to taxable years beginning after 6 December 31, 2018. 7 SEC. 3. REINSTATEMENT OF OVERALL LIMITATION ON 8 ITEMIZED DEDUCTIONS. 9 (a) IN GENERAL.—Section 68 of the Internal Rev- 10 enue Code of 1986 is amended by striking subsection (f). 11 (b) EFFECTIVE DATE.—The amendment made by 12 this section shall apply to taxable years beginning after 13 December 31, 2018. 14 Æ VerDate Sep 11 2014 00:46 Apr 06, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1867.IH H1867 kjohnson on DSK79L0C42 with BILLS