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US S80

US S80
A bill to provide a permanent deduction for 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 makes permanent a choice for taxpayers to deduct state and local general sales taxes instead of state and local income taxes, amending the Internal Revenue Code of 1986 to remove a previous expiration date of January 1, 2012, for this deduction, and this change applies to tax years beginning after December 31, 2011.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S187) (on 01/25/2011)

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