[Congressional Record Volume 167, Number 17 (Thursday, January 28, 2021)]
[Senate]
[Pages S199-S200]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. SCHUMER (for himself, Mr. Wyden, Mr. Menendez, Mrs. 
        Gillibrand, Mr. Booker, Mr. Durbin, and Ms. Duckworth):
  S. 85. 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; to the Committee on Finance.
  Mr. SCHUMER. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.

[[Page S200]]

  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                 S. 85

       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).
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2020.
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