This bill proposes to amend the Internal Revenue Code of 1986 by significantly modifying the limitation on the amount individuals can deduct for certain state and local taxes (SALT). Currently, the deduction is capped at $10,000, with a lower limit for married individuals filing separately. The proposed changes would raise the maximum deduction to $100,000 for most individual filers and $200,000 for those filing a joint return. These revised limits are intended to provide greater tax relief and address concerns about the existing cap. The amendments would apply to taxable years beginning after December 31, 2024.