H. R. 613
IN THE HOUSE OF REPRESENTATIVES
January 28, 2021
Mr. Suozzi (for himself, Mr. Schneider, Mr. Garbarino, Mr. Gottheimer, Mr. Jones, Mrs. Kim of California, and Mr. Smith of New Jersey) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including State and local property and income taxes.
This Act may be cited as the
Securing Access to Lower Taxes by ensuring Deductibility Act or the
SALT Deductibility Act.
Repeal of limitation on deduction for State and local, etc. taxes
Section 164(b) of the Internal Revenue Code of 1986 is amended by striking paragraph (6).
The amendment made by this section shall apply to taxable years beginning after December 31, 2020.