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House Bill 5913
115th Congress(2017-2018)
Family Tax Deduction Improvement Act
Introduced
Introduced
Introduced in House on May 22, 2018
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Introduced in House 
May 22, 2018
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Introduced in House(May 22, 2018)
May 22, 2018
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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.
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H. R. 5913 (Introduced-in-House)


115th CONGRESS
2d Session
H. R. 5913


To amend the Internal Revenue Code of 1986 to increase the limitation on the State and local tax deduction for married individuals, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

May 22, 2018

Mr. MacArthur (for himself and Mr. Fitzpatrick) 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 State and local tax deduction for married individuals, and for other purposes.

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

SECTION 1. Short title.

This Act may be cited as the “Family Tax Deduction Improvement Act”.

SEC. 2. Increase in limitation on state and local tax deduction for married individuals.

(a) In general.—Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking “($5,000 in the case of a married individual filing a separate return).” and inserting “(twice such amount in the case of a joint return)”.

(b) Inflation adjustment.—Section 164(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

“(7) INFLATION ADJUSTMENT.—In the case of any taxable year beginning after 2019, the $10,000 amount in paragraph (6)(B) shall be increased by an amount equal to—

“(A) such dollar amount, multiplied by

“(B) the cost-of-living adjustment determined under section (1)(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2018’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.

If any increase under this subparagraph is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100.”.

(c) Effective date.—The amendments made by this section shall apply with respect to taxable years beginning after December 31, 2018.