To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for State and local taxes, etc.
USA117th CongressHR-6049| House
| Updated: 11/18/2021
Christopher H. Smith
Republican Representative
New Jersey
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
To amend the Internal Revenue Code of 1986 to modify the limitation on the deduction for State and local taxes, etc.
USA117th CongressHR-6049| House
| Updated: 11/18/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Christopher H. Smith
Republican Representative
New Jersey
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted