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

Bill: 115-hr-5872
Sponsor: full_name: Rep. Rohrabacher, Dana [R-CA-48]
Introduced: 2018-05-17
Policy area: Taxation
Subjects: Income tax deductions
Latest action: action_date: 2018-05-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-05-17
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to increase the limitation on individual deductions for certain state and local taxes to $20,000 (currently $10,000) per year for individuals or $10,000 (currently $5,000) for married individuals filing a separate return.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5872 IN THE HOUSE OF REPRESENTATIVES May 17, 2018 Mr. Rohrabacher 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 deduction for State and local taxes.

1. Increase in limitation on deduction for State and local taxes (a) In general Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 and inserting $20,000 ($10,000 . (b) Effective date The amendment made by this section shall take effect as if included in the amendments made by section 11042 of Public Law 115–97 .