Section 1 Increase in limitation on deduction for State and local taxes
In general— Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by striking “$10,000 ($5,000” and inserting “$20,000 ($10,000”.
Effective date— The amendment made by this section shall take effect as if included in the amendments made by section 11042 of Public Law 115–97.