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H.R. 6049

To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for State and local taxes, etc.

This bill extends the limitation on the tax deduction for state and local taxes through 2031. It increases the limitation to $80,000 between 2021 and 2030 and reduces it to $10,000 in 2031.

Referred to the House Committee on Ways and Means.

Rep. Smith, Christopher H. [R-NJ-4](R-NJ)Sponsor
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To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for S… — Informed