This legislative proposal seeks to modify the Internal Revenue Code of 1986 by amending Section 164(a). Specifically, it permits taxpayers to deduct all taxes and State-mandated surcharges that are itemized on their gas or electric utility bills. This provision aims to alleviate the financial burden on consumers by making these utility-related charges tax-deductible. A conforming amendment ensures proper integration within the existing tax code, and the changes would take effect for taxable years commencing after the date of the bill's enactment.