Sec. 20161. Elimination for 2020 and 2021 of limitation on deduction of State and local taxes
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Section 164(b)(6)(B) of the Internal Revenue Code of 1986 is amended by inserting in the case of a taxable year beginning before January 1, 2020, or after December 31, 2021, before the aggregate amount of taxes . Section 164(b)(6) of the Internal Revenue Code of 1986 is amended— by striking For purposes of subparagraph
(B)and inserting For purposes of this section , by striking January 1, 2018 and inserting January 1, 2022 , by striking December 31, 2017, shall and inserting December 31, 2021, shall , and by adding at the end the following: For purposes of this section, in the case of State or local taxes with respect to any real or personal property paid during a taxable year beginning in 2020 or 2021, the Secretary shall prescribe rules which treat all or a portion of such taxes as paid in a taxable year or years other than the taxable year in which actually paid as necessary or appropriate to prevent the avoidance of the limitations of this subsection. . The amendments made by this section shall apply to taxes paid or accrued in taxable years beginning after December 31, 2019.