118 HR 680 IH: Tax Relief for Middle Class Families Act of 2023 U.S. House of Representatives 2023-01-31 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 680IN THE HOUSE OF REPRESENTATIVESJanuary 31, 2023Ms. Sherrill (for herself, Mr. Lawler, Ms. Norton, and Mr. Levin) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for State and local taxes.

1.

Short title

This Act may be cited as the Tax Relief for Middle Class Families Act of 2023.

2.

Increase in limitation on deduction for State and local taxes

(a)

In general

Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking $10,000 ($5,000 in the case of a married individual filing a separate return) and inserting $100,000 (twice such amount in the case of a joint return). (b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2022.