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H.R. 5565 117th Congress House

Banana Stand Money Act

Official title: To amend the Internal Revenue Code of 1986 to eliminate the deduction for State and local taxes and to repeal title VI of the Social Security Act.

Introduced: October 12, 2021 Introduced by: Brian J. Mast Republican · Florida See on congress.gov
Taxation Cardiovascular and respiratory healthEmergency medical services and trauma careIncome tax deductionsInfectious and parasitic diseases
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Property taxSales and excise taxesState and local financeState and local government operationsState and local taxation
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 12, 2021
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 12, 2021
Introduced in House
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 Latest action October 12, 2021

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Banana Stand Money Act

This bill repeals (1) the tax deduction for state and local taxes, and (2) title VI of the Social Security Act (Coronavirus Relief , Fiscal Recovery, and Critical Capital Projects Funds) and rescinds any unobligated funds under such title.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 5565: Banana Stand Money Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-5565/
MLA
"H.R. 5565: Banana Stand Money Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-5565/.
Bluebook (legal)
H.R. 5565, 117th Cong. (2026), https://openamerica.io/bill/117-HR-5565/.
Markdown link
[H.R. 5565: Banana Stand Money Act](https://openamerica.io/bill/117-HR-5565/)
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