HR 3680 IHCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to extend the deduction for State and local sales taxes.CommentsClose CommentsPermalink

September 27, 2007

Mr. MCDERMOTT (for himself, Mr. BRADY of Texas, Mr. TANNER, Mr. SAM JOHNSON of Texas, Ms. BERKLEY, Mr. PORTER, and Mr. MEEK of Florida) introduced the following bill; which was referred to the Committee on Ways and MeansCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to extend the deduction for State and local sales taxes.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE.

This Act may be cited as the `Extension of Vital Tax Policy Act of 2007'.CommentsClose CommentsPermalink

SEC. 2. DEDUCTION FOR STATE AND LOCAL SALES TAXES.

(a) In General- Subparagraph (I) of section 164(b)(5) of the Internal Revenue Code of 1986 is amended by striking `January 1, 2008' and inserting `January 1, 2009'.CommentsClose CommentsPermalink





(b) Effective Date- The amendment made by this section shall apply to taxable years beginning after December 31, 2007.CommentsClose CommentsPermalink