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Bill > S24
US S24
US S24A 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)
Lamar Alexander (R),
Maria Cantwell (D),
John Ensign (R),
Patty Murray (D),
Bill Nelson (D),
Harry Reid (D),
Last Action
Read twice and referred to the Committee on Finance. (on 01/25/2011)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/senate-bill/24/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112s24is/pdf/BILLS-112s24is.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112s24is/pdf/BILLS-112s24is.pdf.pdf |
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