Bill

Bill > S24


US S24

US S24
A bill to amend the Internal Revenue Code of 1986 to permanently extend the election to deduct State and local 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 makes permanent the option for taxpayers to deduct state and local general sales taxes instead of state and local income taxes when filing their federal income taxes. The Internal Revenue Code of 1986, which governs federal tax law, previously allowed this choice, but it was set to expire after December 31, 2011. By striking the date limitation, this legislation ensures that taxpayers can continue to choose the deduction that is more beneficial to them indefinitely.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Read twice and referred to the Committee on Finance. (on 01/25/2011)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...