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![handle is hein.congrecreports/crptxacye0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
116TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 116-345
RESTORING TAX FAIRNESS FOR STATES
AND LOCALITIES ACT
DECEMBER 13, 2019.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. NEAL, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 5377]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 5377) to amend the Internal Revenue Code of 1986 to
modify the limitation on deduction of State and local taxes, and for
other purposes, having considered the same, report favorably there-
on with an amendment and recommend that the bill as amended
do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 4
A . Purpose and Sum m ary .................................................................... 4
B. Background and Need for Legislation ............................................ 4
C. Legislative History .................... ...................... 5
II. EXPLANATION OF THE BILL ...... ................................ 6
A. Elimination for 2019 of Marriage Penalty in Limitation on De-
duction of State and Local Taxes and Elimination for 2020
and 2021 of Limitation on Deduction of State and Local Taxes 6
B. Increase in Deduction for Certain Expenses of Elementary and
Secondary School Teachers and Above-the-Line Deduction Al-
lowed for Certain Expenses of First Responders ......................... 7
C. Increase of Top Marginal Individual Income Tax Rate Under
T em porary R ules ........................................................................... . 8
III. VOTES OF THE COM M ITTEE .................................................................... 11
IV. BUDGET EFFECTS OF THE BILL ........................................................... 15
A. Committee Estimate of Budgetary Effects ...................................... 15
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