I 116th CONGRESS 1st Session H. R. 4274 IN THE HOUSE OF REPRESENTATIVES September 10, 2019 Mr. Gottheimer (for himself and Mr. Zeldin ) 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 repeal the limitation on the deduction for certain taxes, including State and local property and income taxes, to limit the step-up in basis allowed in the case of property acquired from a decedent, and to deem a sale on any contribution of property to a private foundation.