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House Bill 6049
117th Congress(2021-2022)
To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for State and local taxes, etc.
Introduced
Introduced
Introduced in House on Nov 18, 2021
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Introduced in House 
Nov 18, 2021
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Introduced in House(Nov 18, 2021)
Nov 18, 2021
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 6049 (Introduced-in-House)


117th CONGRESS
1st Session
H. R. 6049


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

IN THE HOUSE OF REPRESENTATIVES

November 18, 2021

Mr. Smith of New Jersey 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 modify the limitation on the deduction for State and local taxes, etc.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Modification of limitation on deduction for State and local taxes, etc.

(a) In general.—Paragraph (6) of section 164(b) of the Internal Revenue Code of 1986 is amended—

(1) by striking “2025” in the heading and inserting “2031”,

(2) by striking “January 1, 2026” and inserting “January 1, 2032”,

(3) in subparagraph (A), by inserting “or section 216(a)(1)” after “subsection (a)(1)”,

(4) in subparagraph (B)—

(A) by inserting “(and any tax described in any such paragraph taken into account under section 216(a)(1))” after “paragraph (5) of this subsection”, and

(B) by striking “shall not exceed $10,000 ($5,000 in the case of a married individual filing a separate return).” and inserting “shall not exceed—

“(i) in the case of any taxable year beginning after December 31, 2020, and before January 1, 2031, $80,000 ($40,000 in the case of an estate, trust, or married individual filing a separate return), and

“(ii) in the case of any taxable year beginning after December 31, 2030, and before January 1, 2032, $10,000 ($5,000 in the case of an estate, trust, or married individual filing a separate return).”, and

(5) by striking the last sentence and inserting the following: “In the case of taxes paid during a taxable year beginning before January 1, 2031, the Secretary shall prescribe regulations or other guidance which treat all or a portion of such taxes as paid in a taxable year or years other than the taxable year in which actually paid as necessary or appropriate to prevent the avoidance of the limitations of this paragraph.”.

(b) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2020.

(c) No inference.—The amendments made by paragraphs (3), (4)(A), and (5) shall not be construed to create any inference with respect to the proper application of section 164(b)(6) or section 216(a) with respect to any taxable year beginning before January 1, 2021.