[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4740 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4740

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.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 8, 2018

   Mrs. Lowey (for herself and Mr. King of New York) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
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.

    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 ``Securing Access to Lower Taxes by 
ensuring Deductibility Act'' or the ``SALT Deductibility Act''.

SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR STATE AND LOCAL, ETC. 
              TAXES.

    (a) In General.--Section 164(b) of the Internal Revenue Code of 
1986 is amended by striking paragraph (6) (as added by Public Law 115-
97) and all that follows.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2017.
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