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Bill > HR476


US HR476

US HR476
To amend the Internal Revenue Code of 1986 to make permanent the deduction of State and local general sales taxes.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th 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 proposes to make permanent a tax deduction that allows individuals to choose between deducting state and local income taxes or state and local general sales taxes on their federal income tax returns, meaning taxpayers will permanently have the option to deduct the amount they paid in sales taxes instead of the income taxes they paid to their state and local governments.

Committee Categories

Budget and Finance

Sponsors (33)

Last Action

Referred to the House Committee on Ways and Means. (on 01/26/2011)

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