HR 5242 IHCommentsClose CommentsPermalink

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

February 6, 2008

Mr. YOUNG 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 make permanent the deduction of State and local general 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. DEDUCTION OF STATE AND LOCAL GENERAL SALES TAXES MADE PERMANENT.

(a) In General- Paragraph 5 of section 164(b) of the Internal Revenue Code of 1986 (relating to general sales taxes) is amended by striking subparagraph (I).CommentsClose CommentsPermalink





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