Bill
Bill > S127
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
113th Congress
Bill Summary
Amends the Internal Revenue Code to make permanent the taxpayer election to deduct state and local general sales taxes in lieu of state and local income taxes.
AI Summary
This bill makes permanent a provision in the Internal Revenue Code, which is the set of federal laws governing income taxes, that allows taxpayers to choose to deduct state and local general sales taxes instead of state and local income taxes. This means that individuals will have a permanent option to reduce their taxable income by the amount of sales taxes they paid to their state and local governments, rather than deducting the income taxes they paid. This change is effective for tax years beginning after December 31, 2013.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Read twice and referred to the Committee on Finance. (on 01/24/2013)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113s127is/pdf/BILLS-113s127is.pdf |
| Bill | https://www.congress.gov/bill/113th-congress/senate-bill/127/all-info |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113s127is/pdf/BILLS-113s127is.pdf.pdf |
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