The bill proposes raising the state-and-local-tax deduction cap to $40,000 with a 1% increase every year through 2029, then reverting to $10,000 in 2030. It sets the income threshold at $500,000 and increases it by 1% annually through 2029.

The House GOP ultimately passed the Senate’s multi-trillion-dollar package, after having earlier suggested a version of its own. While many of the provisions in each were largely similar, several were quite different.