Local Infrastructure Tax Cuts Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7561 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7561 To amend the Internal Revenue Code of 1986 to modify the limitation on individual deductions for certain state and local taxes and to allow a deduction for qualified special assessment taxes, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 12, 2026 Ms. Stevens (for herself, Mrs. Dingell, Ms. Scholten, and Ms. McDonald Rivet) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify the limitation on individual deductions for certain state and local taxes and to allow a deduction for qualified special assessment taxes, and for other purposes. 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 ``Local Infrastructure Tax Cuts Act''. SEC. 2. MODIFICATION OF LIMITATI…