Amendment · S.Amdt. 2646· Senate(119-SAMDT-2646)

S.Amdt. 2646

Age: 62 years

Colorado

Introduced: 6/30/2025
Sponsored by: Michael Bennet
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

This amendment aims to place strict limits on how individuals can deduct certain state and local taxes, foreign real property taxes, and pass-through entity taxes on their federal tax returns.

It also works to close tax workarounds by addressing situations where taxpayers attempt to bypass existing limits through pass-through entities and specific tax allocation mismatches, adding penalties to those who try to game the system.